Borealis Foods Inc. (NASDAQ:BRLS) Short Interest Up 14.5% in December

Borealis Foods Inc. (NASDAQ:BRLS) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 9,500 shares, an increase of 14.5% from the December 15th total of 8,300 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 5,800 shares, the days-to-cover ratio is presently 1.6 days.

Borealis Foods Price Performance

BRLS traded up $0.26 during trading on Friday, reaching $6.40. The company had a trading volume of 742 shares, compared to its average volume of 5,865. The company has a quick ratio of 0.15, a current ratio of 0.44 and a debt-to-equity ratio of 4.92. The business has a 50 day simple moving average of $6.10 and a 200-day simple moving average of $6.81. Borealis Foods has a 52 week low of $3.71 and a 52 week high of $12.50.

Borealis Foods Company Profile

Borealis Foods Inc operates as a food technology company that develops plant-based ready-to-eat meals. The company also developed ambient ready-to-eat high-protein meals for U.S. and global humanitarian food programs. Its products include Chef Woo, a plant based instant ramen meals that provides with 20 grams of plant-based complete protein; and Ramen Express, a vegetarian ramen noodles.