Drax Group plc (OTCMKTS:DRXGF) Short Interest Update

Drax Group plc (OTCMKTS:DRXGF) was the target of a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 700 shares, a drop of 99.8% from the October 31st total of 284,800 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is presently 7.0 days.

Drax Group Price Performance

DRXGF stock remained flat at $8.21 during midday trading on Thursday. The firm’s fifty day moving average is $8.61 and its two-hundred day moving average is $7.70. Drax Group has a 52-week low of $5.23 and a 52-week high of $8.92.

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.