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

Drax Group plc (OTCMKTS:DRXGF) saw a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 200 shares, a drop of 71.4% from the November 15th total of 700 shares. Based on an average trading volume of 200 shares, the days-to-cover ratio is presently 1.0 days.

Drax Group Stock Performance

DRXGF stock remained flat at $8.21 during midday trading on Friday. The firm has a fifty day simple moving average of $8.52 and a two-hundred day simple moving average of $7.78. Drax Group has a 1-year low of $5.23 and a 1-year high of $8.92.

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.