Boralex Inc. (OTCMKTS:BRLXF) Short Interest Up 19.0% in December

Boralex Inc. (OTCMKTS:BRLXF) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 837,100 shares, an increase of 19.0% from the November 30th total of 703,300 shares. Based on an average trading volume of 19,300 shares, the days-to-cover ratio is presently 43.4 days.

Boralex Price Performance

BRLXF remained flat at $20.40 on Friday. 20,130 shares of the company traded hands, compared to its average volume of 22,301. Boralex has a 1-year low of $19.47 and a 1-year high of $27.07. The company has a 50 day moving average of $22.53 and a 200-day moving average of $24.19.

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.