Boralex Inc. (OTCMKTS:BRLXF) Sees Significant Growth in Short Interest

Boralex Inc. (OTCMKTS:BRLXF) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 837,100 shares, a growth of 19.0% from the November 30th total of 703,300 shares. Based on an average trading volume of 19,300 shares, the days-to-cover ratio is presently 43.4 days.

Boralex Stock Performance

Shares of BRLXF stock remained flat at $20.40 during trading hours on Friday. 20,130 shares of the stock traded hands, compared to its average volume of 22,301. Boralex has a 12-month low of $19.47 and a 12-month high of $27.07. The firm has a 50 day moving average price of $22.53 and a 200 day moving average price of $24.19.

About Boralex

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.