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

Drax Group plc (OTCMKTS:DRXGY) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totalling 1,300 shares, a growth of 1,200.0% from the December 31st total of 100 shares. Based on an average daily trading volume, of 2,000 shares, the days-to-cover ratio is presently 0.7 days.

Drax Group Price Performance

Shares of OTCMKTS DRXGY opened at $14.85 on Wednesday. Drax Group has a one year low of $10.80 and a one year high of $18.00. The firm has a fifty day moving average of $16.25 and a 200 day moving average of $16.23.

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.