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

Boralex Inc. (OTCMKTS:BRLXF) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totalling 807,400 shares, a decrease of 10.4% from the August 31st total of 900,900 shares. Based on an average trading volume of 3,900 shares, the short-interest ratio is currently 207.0 days.

Boralex Price Performance

Shares of BRLXF remained flat at $26.92 during mid-day trading on Friday. 21 shares of the stock were exchanged, compared to its average volume of 22,326. Boralex has a fifty-two week low of $18.75 and a fifty-two week high of $27.07. The stock’s 50-day simple moving average is $24.89 and its 200-day simple moving average is $23.42.

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.