Short Interest in Drax Group plc (OTCMKTS:DRXGY) Rises By 200.0%

Drax Group plc (OTCMKTS:DRXGY) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totalling 600 shares, a growth of 200.0% from the June 30th total of 200 shares. Based on an average daily volume of 100 shares, the short-interest ratio is currently 6.0 days.

Drax Group Trading Up 0.7 %

Drax Group stock traded up $0.11 during midday trading on Friday, reaching $15.97. 519 shares of the company’s stock were exchanged, compared to its average volume of 888. Drax Group has a 52 week low of $9.74 and a 52 week high of $16.72. The stock’s 50-day simple moving average is $14.34 and its 200 day simple moving average is $12.94.

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.