Boralex Inc. (OTCMKTS:BRLXF) Short Interest Up 15.0% in October

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

Boralex Price Performance

Shares of BRLXF stock traded down $1.64 on Friday, hitting $22.71. The stock had a trading volume of 161 shares, compared to its average volume of 19,377. Boralex has a 52-week low of $19.47 and a 52-week high of $27.07. The stock’s 50 day moving average is $25.28 and its 200-day 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.