Drax Group plc (OTCMKTS:DRXGF) Short Interest Down 86.5% in July

Drax Group plc (OTCMKTS:DRXGF) was the target of a large decrease in short interest in the month of July. As of July 15th, there was short interest totalling 157,200 shares, a decrease of 86.5% from the June 30th total of 1,160,800 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 1,572.0 days.

Drax Group Price Performance

Shares of OTCMKTS:DRXGF remained flat at $7.77 on Friday. Drax Group has a fifty-two week low of $4.88 and a fifty-two week high of $7.77. The firm has a 50-day simple moving average of $6.43 and a 200 day simple moving average of $6.28.

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.