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

Borealis Foods Inc. (NASDAQ:BRLS) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totalling 7,000 shares, a decrease of 14.6% from the August 31st total of 8,200 shares. Based on an average daily trading volume, of 3,800 shares, the days-to-cover ratio is presently 1.8 days. Currently, 0.1% of the company’s stock are sold short.

Borealis Foods Stock Performance

Shares of BRLS stock remained flat at $5.72 on Monday. The company had a trading volume of 120 shares, compared to its average volume of 37,629. Borealis Foods has a 12-month low of $3.71 and a 12-month high of $12.50. The business has a 50 day moving average price of $7.43 and a 200 day moving average price of $6.93. The company has a debt-to-equity ratio of 2.37, a current ratio of 0.53 and a quick ratio of 0.26.

Borealis Foods (NASDAQ:BRLS) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.29) EPS for the quarter. The company had revenue of $5.33 million for the quarter.

About Borealis Foods

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.