Short Interest in Drax Group plc (OTCMKTS:DRXGF) Increases By 168.5%

Drax Group plc (OTCMKTS:DRXGF) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 1,054,100 shares, a growth of 168.5% from the May 31st total of 392,600 shares. Based on an average trading volume of 100 shares, the short-interest ratio is currently 10,541.0 days.

Drax Group Price Performance

Shares of DRXGF stock traded down $0.04 on Friday, hitting $6.32. 387 shares of the company’s stock traded hands, compared to its average volume of 573. The company’s fifty day simple moving average is $6.53 and its 200 day simple moving average is $6.22. Drax Group has a one year low of $4.88 and a one year high of $8.22.

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.