Drax Group plc (OTCMKTS:DRXGY) Sees Large Increase in Short Interest

Drax Group plc (OTCMKTS:DRXGY) was the target of a significant increase in short interest in the month of 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 volume of 2,000 shares, the short-interest ratio is presently 0.7 days.

Drax Group Stock Performance

Shares of DRXGY stock remained flat at $16.50 on Monday. The stock had a trading volume of 1,069 shares, compared to its average volume of 913. The firm has a 50 day moving average price of $16.34 and a 200 day moving average price of $16.10. Drax Group has a 12 month low of $10.80 and a 12 month high of $18.00.

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.