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

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

Borealis Foods Stock Performance

NASDAQ:BRLS opened at $5.96 on Thursday. Borealis Foods has a 12-month low of $3.71 and a 12-month high of $12.50. The stock’s 50 day moving average price is $6.13 and its two-hundred day moving average price is $7.07. 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 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.