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

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

Drax Group Price Performance

Drax Group stock opened at $6.37 on Friday. The stock has a 50-day moving average price of $5.94 and a 200 day moving average price of $5.86. Drax Group has a 52 week low of $4.88 and a 52 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.