Short Interest in Borealis Foods Inc. (NASDAQ:BRLSW) Grows By 9,061.8%

Borealis Foods Inc. (NASDAQ:BRLSW) was the target of a large increase in short interest in February. As of February 13th, there was short interest totaling 59,735 shares, an increase of 9,061.8% from the January 29th total of 652 shares. Based on an average daily trading volume, of 184,577 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 184,577 shares, the days-to-cover ratio is presently 0.3 days.

Borealis Foods Price Performance

BRLSW traded up $0.02 during midday trading on Wednesday, hitting $0.07. 10,600 shares of the company’s stock traded hands, compared to its average volume of 117,785. The stock’s fifty day simple moving average is $0.05 and its 200-day simple moving average is $0.07. Borealis Foods has a one year low of $0.04 and a one year high of $0.16.

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.