Short Interest in Drax Group plc (OTCMKTS:DRXGF) Expands By 47.6%

Drax Group plc (OTCMKTS:DRXGF) saw a significant growth in short interest in August. As of August 31st, there was short interest totalling 6,200 shares, a growth of 47.6% from the August 15th total of 4,200 shares. Based on an average daily trading volume, of 500 shares, the short-interest ratio is presently 12.4 days.

Drax Group Stock Performance

Drax Group stock remained flat at $8.20 during mid-day trading on Friday. The company has a fifty day moving average price of $7.70 and a 200 day moving average price of $6.83. Drax Group has a 1-year low of $4.88 and a 1-year high of $8.63.

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.