Borealis Foods Inc. (NASDAQ:BRLS) Sees Large Increase in Short Interest

Borealis Foods Inc. (NASDAQ:BRLS - Get Free Report) saw a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 13,300 shares, an increase of 12.7% from the January 15th total of 11,800 shares. Currently, 0.2% of the company's stock are short sold. Based on an average daily trading volume, of 5,500 shares, the short-interest ratio is currently 2.4 days.

Borealis Foods Trading Up 2.7 %

Shares of Borealis Foods stock traded up $0.17 during trading on Thursday, reaching $6.21. The company had a trading volume of 108 shares, compared to its average volume of 5,530. The firm's fifty day moving average is $6.07 and its 200-day moving average is $6.35. The company has a debt-to-equity ratio of 4.92, a quick ratio of 0.15 and a current ratio of 0.44. Borealis Foods has a fifty-two week low of $3.71 and a fifty-two week high of $11.96.

About Borealis Foods

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.