Short interest in Borealis Foods Inc. (NASDAQ:BRLS) down 14.6%

Borealis Foods Inc. (NASDAQ:BRLS – Get Free Report ) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 7,000 shares, down 14.6% from August 31st’s total of 8,200 shares. Based on an average trading volume of 3,800 shares, the short interest rate is currently 1.8 days. Currently, 0.1% of the stock’s shares are short sold.

Borealis Foods Stock Performance

Shares of NASDAQ BRLS remained flat at $$5.72 during trading hours on Friday. 36 shares of the company traded hands, compared to its average volume of 8,210. The firm has a fifty day moving average of $7.43 and a two hundred day moving average of $6.94. The company has a current ratio of 0.53, a quick ratio of 0.26, and a debt-to-equity ratio of 2.37. Borealis Foods has a 12-month low of $3.71 and a 12-month high of $12.50.

Borealis Foods (NASDAQ:BRLS – Get Free Report ) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($0.29) earnings per share (EPS) for the quarter. The firm had revenue of $5.33 million during the quarter.

About Borealis Foods

(Get a free report)

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

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