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

Drax Group plc (OTCMKTS:DRXGF) was the target of a large growth in short interest in February. As of February 15th, there was short interest totalling 349,000 shares, a growth of 30.2% from the January 31st total of 268,100 shares. Based on an average daily volume of 800 shares, the days-to-cover ratio is currently 436.3 days.

Drax Group Stock Performance

Shares of OTCMKTS DRXGF opened at $7.66 on Thursday. Drax Group has a 12 month low of $5.80 and a 12 month high of $8.92. The firm has a fifty day simple moving average of $7.71 and a two-hundred day simple moving average of $8.18.

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.