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

Boralex Inc. (OTCMKTS:BRLXF) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 900,900 shares, a growth 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 presently 86.6 days.

Boralex Trading Up 6.8 %

Shares of BRLXF traded up $1.63 during trading hours on Tuesday, reaching $25.48. 605 shares of the company traded hands, compared to its average volume of 23,090. The company’s fifty day moving average price is $24.78 and its two-hundred day moving average price is $23.15. Boralex has a 12 month low of $18.75 and a 12 month 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.