Borealis Foods Inc. (NASDAQ:BRLS) Short Interest Down 5.7% in December

Borealis Foods Inc. (NASDAQ:BRLS) saw a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 8,300 shares, a decrease of 5.7% from the November 30th total of 8,800 shares. Based on an average daily volume of 5,300 shares, the short-interest ratio is currently 1.6 days. Approximately 0.2% of the company’s shares are short sold.

Borealis Foods Price Performance

Shares of NASDAQ BRLS traded up $0.31 during trading hours on Wednesday, hitting $5.96. The company’s stock had a trading volume of 4,038 shares, compared to its average volume of 29,591. Borealis Foods has a 12 month low of $3.71 and a 12 month high of $12.50. 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 $6.13 and a 200-day simple moving average of $7.07.

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.