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

Drax Group plc (OTCMKTS:DRXGF) was the target of a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 700 shares, a decrease of 99.8% from the October 31st total of 284,800 shares. Based on an average trading volume of 100 shares, the short-interest ratio is currently 7.0 days.

Drax Group Stock Performance

Shares of OTCMKTS:DRXGF remained flat at $8.21 during midday trading on Friday. The stock’s 50-day simple moving average is $8.61 and its two-hundred day simple moving average is $7.71. Drax Group has a fifty-two week low of $5.23 and a fifty-two week 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.