Drax Group plc (OTCMKTS:DRXGF) Short Interest Update

Drax Group plc (OTCMKTS:DRXGF) was the recipient of a large growth in short interest in the month of 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 daily trading volume, of 800 shares, the days-to-cover ratio is currently 26.6 days.

Drax Group Stock Performance

Shares of DRXGF stock opened at $7.62 on Thursday. The firm has a fifty day moving average of $7.89 and a 200-day moving average of $8.12. Drax Group has a 52-week low of $5.23 and a 52-week 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.