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

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

Borealis Foods Price Performance

Shares of NASDAQ:BRLS opened at $6.32 on Monday. 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 stock’s 50-day moving average price is $6.03 and its 200-day moving average price is $7.27.

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.