Drax Group plc (OTCMKTS:DRXGF) Short Interest Up 475.7% in December

Drax Group plc (OTCMKTS:DRXGF) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 21,300 shares, an increase of 475.7% from the December 15th total of 3,700 shares. Based on an average daily trading volume, of 800 shares, the short-interest ratio is currently 26.6 days.

Drax Group Trading Down 0.1 %

Shares of Drax Group stock traded down $0.01 during trading hours on Monday, reaching $7.62. 2,012 shares of the company’s stock were exchanged, compared to its average volume of 591. Drax Group has a 52-week low of $5.23 and a 52-week high of $8.92. The company has a fifty day moving average of $8.18 and a 200-day moving average of $8.02.

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.