Drax Group plc (OTCMKTS:DRXGF) Short Interest Update

Drax Group plc (OTCMKTS:DRXGF) saw a large growth in short interest in February. As of February 15th, there was short interest totalling 349,000 shares, a growth of 30.2% from the January 31st total of 268,100 shares. Based on an average daily volume of 800 shares, the short-interest ratio is currently 436.3 days.

Drax Group Trading Down 3.3 %

DRXGF traded down $0.26 on Tuesday, hitting $7.66. 795 shares of the company’s stock were exchanged, compared to its average volume of 1,881. The firm has a 50-day moving average price of $7.71 and a 200-day moving average price of $8.19. Drax Group has a fifty-two week low of $5.80 and a fifty-two week high of $8.92.

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.