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

Drax Group plc (OTCMKTS:DRXGF) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totalling 299,400 shares, a growth of 3,945.9% from the September 15th total of 7,400 shares. Based on an average trading volume of 200 shares, the days-to-cover ratio is currently 1,497.0 days.

Drax Group Stock Performance

OTCMKTS:DRXGF opened at $8.25 on Friday. The firm has a 50-day moving average price of $8.37 and a two-hundred day moving average price of $7.15. Drax Group has a twelve month low of $4.88 and a twelve month high of $8.84.

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.