Short Interest in Drax Group plc (OTCMKTS:DRXGF) Rises By 1,750.0%

Drax Group plc (OTCMKTS:DRXGF) was the target of a large growth in short interest in December. As of December 15th, there was short interest totalling 3,700 shares, a growth of 1,750.0% from the November 30th total of 200 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is presently ∞ days.

Drax Group Stock Performance

OTCMKTS:DRXGF remained flat at $7.75 during midday trading on Thursday. The firm has a 50 day moving average price of $8.47 and a 200-day moving average price of $7.89. Drax Group has a 52 week low of $5.23 and a 52 week 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.