Dowlais Group plc (OTCMKTS:DWLAF) Sees Significant Increase in Short Interest

Dowlais Group plc (OTCMKTS:DWLAF) was the recipient of a significant increase in short interest in January. As of January 15th, there was short interest totalling 4,300 shares, an increase of 230.8% from the December 31st total of 1,300 shares. Based on an average trading volume of 66,400 shares, the days-to-cover ratio is presently 0.1 days.

Dowlais Group Trading Down 7.4 %

OTCMKTS DWLAF traded down $0.07 on Thursday, hitting $0.86. 119,500 shares of the stock were exchanged, compared to its average volume of 30,700. The company has a 50-day moving average price of $0.77 and a 200-day moving average price of $0.77. Dowlais Group has a fifty-two week low of $0.62 and a fifty-two week high of $1.14.

About Dowlais Group

Dowlais Group Plc manufactures and sells automotive parts in the Americas, Europe, and Asia. The company engages in developing, manufacturing, and supplying automotive drive systems for conventional and electric vehicles. It manufactures sideshafts, propshafts, and constant velocity joints for passenger vehicles; and AWD systems and eDrive systems, as well as provides component solutions to systems, including control software.