Borealis Foods Inc. (NASDAQ:BRLSW) Short Interest Up 281.0% in August

Borealis Foods Inc. (NASDAQ:BRLSW) saw a large growth in short interest during the month of August. As of August 15th, there was short interest totalling 24,000 shares, a growth of 281.0% from the July 31st total of 6,300 shares. Based on an average daily trading volume, of 37,900 shares, the days-to-cover ratio is currently 0.6 days.

Borealis Foods Price Performance

Shares of NASDAQ:BRLSW remained flat at $0.06 during midday trading on Tuesday. 600 shares of the company were exchanged, compared to its average volume of 62,080. Borealis Foods has a 52 week low of $0.03 and a 52 week high of $0.20. The business’s 50-day moving average is $0.07.

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.