Short Interest in Drax Group plc (OTCMKTS:DRXGF) Grows By 47.1%

Drax Group plc (OTCMKTS:DRXGF) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 366,200 shares, an increase of 47.1% from the March 15th total of 249,000 shares. Based on an average daily trading volume, of 700 shares, the short-interest ratio is presently 523.1 days.

Drax Group Price Performance

Shares of DRXGF opened at $7.42 on Friday. Drax Group has a 1 year low of $5.80 and a 1 year high of $8.92. The company’s fifty day moving average is $7.66 and its two-hundred day moving average is $8.00.

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.