Drax Group plc (OTCMKTS:DRXGF) Short Interest Down 96.8% in July

Drax Group plc (OTCMKTS:DRXGF) saw a significant decrease in short interest in July. As of July 31st, there was short interest totalling 5,100 shares, a decrease of 96.8% from the July 15th total of 157,200 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is currently 51.0 days.

Drax Group Price Performance

Shares of DRXGF remained flat at $8.35 during midday trading on Wednesday. 4 shares of the company’s stock traded hands, compared to its average volume of 539. The stock’s fifty day moving average price is $6.74 and its 200-day moving average price is $6.42. Drax Group has a one year low of $4.88 and a one year high of $8.63.

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.