Drax Group plc (OTCMKTS:DRXGF) Short Interest Up 10.1% in June

Drax Group plc (OTCMKTS:DRXGF) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totalling 1,160,800 shares, an increase of 10.1% from the June 15th total of 1,054,100 shares. Based on an average daily trading volume, of 200 shares, the days-to-cover ratio is currently 5,804.0 days.

Drax Group Price Performance

Shares of Drax Group stock remained flat at $6.32 during trading on Wednesday. 4 shares of the company traded hands, compared to its average volume of 571. The firm’s 50-day simple moving average is $6.55 and its 200-day simple moving average is $6.25. Drax Group has a 12-month low of $4.88 and a 12-month 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.