Drax Group plc (OTCMKTS:DRXGF) Short Interest Update

Drax Group plc (OTCMKTS:DRXGF) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 195,300 shares, an increase of 16,175.0% from the August 31st total of 1,200 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is presently 1,953.0 days. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is presently 1,953.0 days.

Drax Group Price Performance

Shares of DRXGF opened at $9.04 on Wednesday. Drax Group has a twelve month low of $7.33 and a twelve month high of $9.56. The company has a 50 day moving average of $9.30 and a 200-day moving average of $8.52.

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.