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

Drax Group plc (OTCMKTS:DRXGY) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totalling 1,300 shares, an increase of 1,200.0% from the December 31st total of 100 shares. Based on an average trading volume of 2,000 shares, the days-to-cover ratio is presently 0.7 days.

Drax Group Trading Down 3.8 %

Shares of OTCMKTS:DRXGY traded down $0.59 during trading on Tuesday, hitting $14.85. The company’s stock had a trading volume of 324 shares, compared to its average volume of 766. Drax Group has a fifty-two week low of $10.80 and a fifty-two week high of $18.00. The stock’s 50-day moving average price is $16.26 and its two-hundred day moving average price is $16.23.

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.