Short Interest in Borealis Foods Inc. (NASDAQ:BRLSW) Drops By 19.1%

Borealis Foods Inc. (NASDAQ:BRLSW) was the target of a large drop in short interest in the month of September. As of September 30th, there was short interest totalling 16,500 shares, a drop of 19.1% from the September 15th total of 20,400 shares. Based on an average daily trading volume, of 18,500 shares, the days-to-cover ratio is currently 0.9 days.

Borealis Foods Stock Performance

BRLSW traded up $0.00 during trading on Tuesday, hitting $0.07. 19,100 shares of the company’s stock traded hands, compared to its average volume of 55,224. Borealis Foods has a 12-month low of $0.03 and a 12-month high of $0.20. The company’s 50 day simple moving average is $0.06 and its two-hundred day simple moving average is $0.08.

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.