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 in January. As of January 15th, there was short interest totalling 21,300 shares, a growth of 475.7% from the December 31st total of 3,700 shares. Based on an average trading volume of 800 shares, the short-interest ratio is presently 26.6 days.

Drax Group Stock Performance

Drax Group stock remained flat at $7.62 during mid-day trading on Tuesday. The business’s fifty day simple moving average is $7.91 and its 200 day simple moving average is $8.13. 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.