Short Interest in Drax Group plc (OTCMKTS:DRXGY) Increases By 1,200.0%

Drax Group plc (OTCMKTS:DRXGY) saw a large increase in short interest in December. As of December 31st, there was short interest totalling 1,300 shares, an increase of 1,200.0% from the December 15th total of 100 shares. Based on an average trading volume of 2,000 shares, the days-to-cover ratio is presently 0.7 days.

Drax Group Price Performance

OTCMKTS:DRXGY opened at $14.85 on Tuesday. Drax Group has a one year low of $10.80 and a one year high of $18.00. The company’s 50-day simple moving average is $16.32 and its 200 day simple moving average is $16.11.

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.