Short Interest in Boralex Inc. (OTCMKTS:BRLXF) Increases By 94.5%

Boralex Inc. (OTCMKTS:BRLXF) saw a significant growth in short interest in January. As of January 15th, there was short interest totalling 1,700,600 shares, a growth of 94.5% from the December 31st total of 874,400 shares. Based on an average daily trading volume, of 44,100 shares, the days-to-cover ratio is currently 38.6 days.

Boralex Trading Up 3.2 %

Boralex stock traded up $0.55 during midday trading on Friday, reaching $17.82. The stock had a trading volume of 25,384 shares, compared to its average volume of 43,889. Boralex has a twelve month low of $15.72 and a twelve month high of $27.07. The firm’s fifty day simple moving average is $19.91 and its two-hundred day simple moving average is $23.13.

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.