Drax Group plc (OTCMKTS:DRXGY – Get Free Report) saw a significant decline in short interest in March. As of March 31st, there was short interest totalling 600 shares, a decline of 14.3% from the March 15th total of 700 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is presently 6.0 days.
Drax Group Trading Down 1.0 %
DRXGY opened at $13.46 on Tuesday. The business’s fifty day moving average is $11.22 and its two-hundred day moving average is $11.20. Drax Group has a one year low of $9.74 and a one year high of $15.28.
Drax Group Increases Dividend
The company also recently announced a dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, April 19th will be given a dividend of $0.3105 per share. This is an increase from Drax Group’s previous dividend of $0.16. The ex-dividend date is Thursday, April 18th. Drax Group’s payout ratio is presently -53.33%.
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.
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