Drax Group plc (OTCMKTS:DRXGF) Short Interest Update

Drax Group plc (OTCMKTS:DRXGF) was the recipient of a significant drop in short interest during the month of 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 daily volume of 100 shares, the days-to-cover ratio is currently 1,572.0 days.

Drax Group Stock Performance

Shares of DRXGF stock remained flat at $6.32 during trading hours on Thursday. 4 shares of the stock traded hands, compared to its average volume of 562. The firm has a 50 day moving average price of $6.44 and a 200 day moving average price of $6.26. Drax Group has a 12-month low of $4.88 and a 12-month 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.