Drax Group plc (OTCMKTS:DRXGY) Short Interest Up 1,200.0% in December

Drax Group plc (OTCMKTS:DRXGY) was the target of a large increase in short interest during the month of 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 daily trading volume, of 2,000 shares, the days-to-cover ratio is currently 0.7 days.

Drax Group Stock Performance

Shares of Drax Group stock remained flat at $16.50 on Monday. The company’s stock had a trading volume of 1,069 shares, compared to its average volume of 913. Drax Group has a 52-week low of $10.80 and a 52-week high of $18.00. The business has a 50 day moving average price of $16.34 and a 200-day moving average price of $16.10.

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.