Drax Group plc (OTCMKTS:DRXGF) Short Interest Up 47.6% in August

Drax Group plc (OTCMKTS:DRXGF) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 6,200 shares, an increase of 47.6% from the August 15th total of 4,200 shares. Based on an average daily volume of 500 shares, the short-interest ratio is presently 12.4 days.

Drax Group Stock Performance

Shares of OTCMKTS:DRXGF remained flat at $8.20 during trading hours on Friday. The firm’s fifty day moving average price is $7.70 and its two-hundred day moving average price is $6.81. Drax Group has a 52 week low of $4.88 and a 52 week high of $8.63.

About Drax Group

Drax Group plc, together with its subsidiaries, engages in renewable power generation in the United Kingdom. It operates through three segments: Pellet Production, Generation, and Customers. The Pellet Production segment produces and sells biomass pellets. The Generation segment provides renewable, dispatchable power, and system support services to the electricity grid.