Drax Group plc (OTCMKTS:DRXGF) Short Interest Update

Drax Group plc (OTCMKTS:DRXGF) was the recipient of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 249,000 shares, a decrease of 28.4% from the February 28th total of 347,900 shares. Based on an average daily volume of 400 shares, the short-interest ratio is presently 622.5 days.

Drax Group Stock Performance

DRXGF remained flat at $7.50 during midday trading on Monday. The firm’s fifty day moving average is $7.70 and its two-hundred day moving average is $8.09. Drax Group has a 12-month low of $5.80 and a 12-month 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.