Drax Group plc (OTCMKTS:DRXGF) Sees Significant Increase in Short Interest

Drax Group plc (OTCMKTS:DRXGF) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 3,700 shares, a growth of 1,750.0% from the November 30th total of 200 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Drax Group Price Performance

Shares of DRXGF opened at $7.63 on Friday. The company’s 50-day simple moving average is $8.44 and its 200-day simple moving average is $7.90. Drax Group has a 1 year low of $5.23 and a 1 year high of $8.92.

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.