Drax Group plc (OTCMKTS:DRXGF) Short Interest Up 1,031.2% in January

Drax Group plc (OTCMKTS:DRXGF) was the recipient of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 268,100 shares, an increase of 1,031.2% from the January 15th total of 23,700 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is presently 2,681.0 days.

Drax Group Stock Performance

Shares of OTCMKTS:DRXGF remained flat at $7.98 during midday trading on Friday. The firm’s 50 day moving average is $7.78 and its 200 day moving average is $8.21. Drax Group has a twelve month low of $5.23 and a twelve month high of $8.92.

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.