Drax Group plc (OTCMKTS:DRXGF) Short Interest Update

Drax Group plc (OTCMKTS:DRXGF) saw a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 20,200 shares, a growth of 90.6% from the March 31st total of 10,600 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is currently 202.0 days.

Drax Group Stock Performance

Drax Group stock remained flat at $6.92 during trading on Friday. Drax Group has a 12 month low of $4.88 and a 12 month high of $8.22. The stock’s 50 day moving average price is $6.00 and its 200-day moving average price is $5.87.

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.