Boralex Inc. (OTCMKTS:BRLXF) Short Interest Up 24.1% in November

Boralex Inc. (OTCMKTS:BRLXF) was the target of a large increase in short interest in November. As of November 15th, there was short interest totalling 713,700 shares, an increase of 24.1% from the October 31st total of 574,900 shares. Based on an average daily volume of 3,700 shares, the days-to-cover ratio is presently 192.9 days.

Boralex Stock Performance

Shares of BRLXF remained flat at $20.90 during midday trading on Friday. The stock had a trading volume of 299 shares, compared to its average volume of 18,604. The company’s 50-day moving average is $24.57 and its two-hundred day moving average is $24.62. Boralex has a 12-month low of $19.47 and a 12-month high of $27.07.

About Boralex

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.