Short Interest in Drax Group plc (OTCMKTS:DRXGF) Rises By 511.8%

Drax Group plc (OTCMKTS:DRXGF) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 10,400 shares, an increase of 511.8% from the February 29th total of 1,700 shares. Based on an average daily trading volume, of 200 shares, the short-interest ratio is currently 52.0 days.

Drax Group Stock Performance

Drax Group stock opened at $6.37 on Friday. The firm has a 50 day simple moving average of $5.94 and a 200 day simple moving average of $5.86. Drax Group has a 1-year low of $4.88 and a 1-year high of $8.22.

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.