Short Interest in Drax Group plc (OTCMKTS:DRXGF) Expands By 475.7%

Drax Group plc (OTCMKTS:DRXGF) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 21,300 shares, a growth of 475.7% from the December 15th total of 3,700 shares. Based on an average daily volume of 800 shares, the days-to-cover ratio is presently 26.6 days.

Drax Group Price Performance

DRXGF stock traded down $0.01 during trading on Tuesday, reaching $7.62. 2,012 shares of the company were exchanged, compared to its average volume of 591. The company has a 50-day moving average of $8.16 and a two-hundred day moving average of $8.03. Drax Group has a twelve month low of $5.23 and a twelve month high of $8.92.

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.