Short Interest in Boralex Inc. (OTCMKTS:BRLXF) Increases By 16.6%

Boralex Inc. (OTCMKTS:BRLXF) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 500,000 shares, a growth of 16.6% from the September 30th total of 428,800 shares. Based on an average daily trading volume, of 700 shares, the days-to-cover ratio is presently 714.3 days.

Boralex Stock Performance

OTCMKTS BRLXF opened at $24.35 on Thursday. The firm’s 50 day moving average price is $25.38 and its 200-day moving average price is $24.20. Boralex has a 52-week low of $18.75 and a 52-week high of $27.07.

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.