Short Interest in Drax Group plc (OTCMKTS:DRXGY) Expands By 1,200.0%

Drax Group plc (OTCMKTS:DRXGY) was the target of a significant increase in short interest in 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 Price Performance

Drax Group stock traded up $0.86 during midday trading on Wednesday, hitting $15.71. 2,427 shares of the company’s stock were exchanged, compared to its average volume of 1,085. The stock has a 50-day moving average price of $16.32 and a two-hundred day moving average price of $16.13. Drax Group has a 52-week low of $10.80 and a 52-week high of $18.00.

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.