Short Interest in Drax Group plc (OTCMKTS:DRXGF) Rises By 511.8%

Drax Group plc (OTCMKTS:DRXGF) saw a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 10,400 shares, a growth of 511.8% from the February 29th total of 1,700 shares. Based on an average trading volume of 200 shares, the short-interest ratio is presently 52.0 days.

Drax Group Stock Performance

Shares of DRXGF stock opened at $6.37 on Thursday. The stock’s 50-day simple moving average is $5.93 and its 200-day simple moving average is $5.86. Drax Group has a fifty-two week low of $4.88 and a fifty-two week high of $8.22.

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.