Short Interest in Drax Group plc (OTCMKTS:DRXGF) Rises By 475.7%

Drax Group plc (OTCMKTS:DRXGF) saw a large increase in short interest in January. As of January 15th, there was short interest totalling 21,300 shares, an increase of 475.7% from the December 31st total of 3,700 shares. Based on an average daily trading volume, of 800 shares, the short-interest ratio is currently 26.6 days.

Drax Group Price Performance

OTCMKTS DRXGF remained flat at $7.62 on Tuesday. The company’s 50 day moving average price is $7.91 and its 200 day moving average price is $8.13. Drax Group has a 1-year low of $5.23 and a 1-year high of $8.92.

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.