Drax Group plc (OTCMKTS:DRXGF) Short Interest Down 28.4% in March

Drax Group plc (OTCMKTS:DRXGF) was the target of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 249,000 shares, a drop of 28.4% from the February 28th total of 347,900 shares. Based on an average trading volume of 400 shares, the short-interest ratio is currently 622.5 days.

Drax Group Stock Performance

Drax Group stock remained flat at $7.50 during trading on Tuesday. 2 shares of the company were exchanged, compared to its average volume of 2,050. The business’s 50-day moving average price is $7.70 and its 200 day moving average price is $8.09. Drax Group has a 52-week low of $5.80 and a 52-week high of $8.92.

Drax Group Company Profile

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.