Boralex Inc. (OTCMKTS:BRLXF) Sees Large Increase in Short Interest

Boralex Inc. (OTCMKTS:BRLXF) saw a significant growth in short interest in October. As of October 31st, there was short interest totalling 574,900 shares, a growth of 15.0% from the October 15th total of 500,000 shares. Based on an average trading volume of 2,400 shares, the days-to-cover ratio is presently 239.5 days.

Boralex Stock Performance

BRLXF stock traded down $1.64 during mid-day trading on Friday, hitting $22.71. 161 shares of the company were exchanged, compared to its average volume of 19,377. Boralex has a 1-year low of $19.47 and a 1-year high of $27.07. The firm’s 50 day simple moving average is $25.28 and its 200 day simple moving average is $24.58.

Boralex Company Profile

Boralex Inc, together with its subsidiaries, engages in the development, construction, and operation of renewable energy power facilities in Canada, France, the United States, and the United Kingdom. It generates electricity from wind, solar, and hydroelectric resources. As of December 31, 2023, the company operates 100 wind farms; 12 solar energy facilities; 15 hydroelectric power stations; and 2 storage units with an installed capacity of 1,819 megawatts (MW) in North America and 1,259 MW in Europe.