Drax Group plc (OTCMKTS:DRXGF) Short Interest Up 168.5% in June

Drax Group plc (OTCMKTS:DRXGF) saw a significant increase in short interest in June. As of June 15th, there was short interest totalling 1,054,100 shares, an increase 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 Trading Down 0.6 %

Shares of OTCMKTS:DRXGF traded down $0.04 during midday trading on Friday, hitting $6.32. 387 shares of the company’s stock were exchanged, compared to its average volume of 573. The stock has a 50 day moving average price of $6.53 and a 200-day moving average price of $6.22. Drax Group has a 12 month low of $4.88 and a 12 month high of $8.22.

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.