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

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

Drax Group Stock Down 3.8 %

Shares of OTCMKTS:DRXGY traded down $0.59 during trading on Tuesday, hitting $14.85. 324 shares of the company traded hands, compared to its average volume of 766. The business’s fifty day moving average is $16.26 and its 200-day moving average is $16.23. Drax Group has a one year low of $10.80 and a one year high of $18.00.

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.