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

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

Boralex Price Performance

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

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.