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

Boralex Inc. (OTCMKTS:BRLXF) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 900,900 shares, an increase of 11.6% from the August 15th total of 807,600 shares. Based on an average daily trading volume, of 10,400 shares, the short-interest ratio is currently 86.6 days.

Boralex Stock Performance

Shares of BRLXF remained flat at $23.85 during trading hours on Monday. Boralex has a 12-month low of $18.75 and a 12-month high of $27.07. The stock’s 50-day moving average price is $24.76 and its 200 day moving average price is $23.12.

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.