Drax Group plc (OTCMKTS:DRXGF) Sees Large Growth in Short Interest

Drax Group plc (OTCMKTS:DRXGF) was the target of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 268,100 shares, a growth of 1,031.2% from the January 15th total of 23,700 shares. Based on an average daily volume of 100 shares, the short-interest ratio is currently 2,681.0 days.

Drax Group Stock Up 3.7 %

Shares of OTCMKTS:DRXGF opened at $7.98 on Thursday. The stock’s 50-day moving average price is $7.79 and its 200-day moving average price is $8.21. Drax Group has a 12-month low of $5.23 and a 12-month 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.