Borealis Foods Inc. (NASDAQ:BRLS) Short Interest Up 14.5% in January

Borealis Foods Inc. (NASDAQ:BRLS) was the target of a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 9,500 shares, an increase of 14.5% from the December 31st total of 8,300 shares. Based on an average daily volume of 5,800 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.2% of the company’s shares are sold short.

Borealis Foods Stock Up 6.0 %

Shares of BRLS opened at $5.84 on Monday. The company’s 50-day moving average price is $6.09 and its 200 day moving average price is $6.59. Borealis Foods has a 12-month low of $3.71 and a 12-month high of $12.50. The company has a debt-to-equity ratio of 4.92, a quick ratio of 0.15 and a current ratio of 0.44.

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.