Short Interest in Drax Group plc (OTCMKTS:DRXGF) Decreases By 86.5%

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

Drax Group Price Performance

Shares of Drax Group stock remained flat at $7.77 during trading hours on Friday. The firm’s 50-day simple moving average is $6.43 and its two-hundred day simple moving average is $6.28. Drax Group has a 52-week low of $4.88 and a 52-week high of $7.77.

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.