Borealis Foods Inc. (NASDAQ:BRLS) Short Interest Up 20.5% in November

Borealis Foods Inc. (NASDAQ:BRLS) was the target of a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 8,800 shares, an increase of 20.5% from the November 15th total of 7,300 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 6,200 shares, the days-to-cover ratio is currently 1.4 days.

Borealis Foods Price Performance

BRLS opened at $6.32 on Monday. The company has a debt-to-equity ratio of 4.92, a current ratio of 0.44 and a quick ratio of 0.15. The stock’s 50 day moving average price is $6.03 and its 200-day moving average price is $7.27. 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.