Short Interest in Borealis Foods Inc. (NASDAQ:BRLS) Declines By 14.6%

Borealis Foods Inc. (NASDAQ:BRLS) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totalling 7,000 shares, a decline of 14.6% from the August 31st total of 8,200 shares. Based on an average trading volume of 3,800 shares, the days-to-cover ratio is currently 1.8 days. Approximately 0.1% of the shares of the company are sold short.

Borealis Foods Stock Performance

Shares of BRLS stock remained flat at $5.72 on Friday. 36 shares of the company traded hands, compared to its average volume of 8,210. Borealis Foods has a fifty-two week low of $3.71 and a fifty-two week high of $12.50. The business has a fifty day simple moving average of $7.43 and a 200 day simple moving average of $6.94. The company has a debt-to-equity ratio of 2.37, a quick ratio of 0.26 and a current ratio of 0.53.

Borealis Foods (NASDAQ:BRLS) last announced its earnings results on Wednesday, August 14th. The company reported ($0.29) earnings per share (EPS) for the quarter. The business had revenue of $5.33 million for the quarter.

Borealis Foods Company Profile

Borealis Foods Inc engages in the distribution of plant-based protein food products. Its products include Chef Woo, a high-protein instant ramen with 20 grams of plant-based complete protein; and Ramen Express, a vegetarian ramen noodles. The company is based in Oakville, Canada.