Drax Group plc (OTCMKTS:DRXGF) Short Interest Up 30.2% in February

Drax Group plc (OTCMKTS:DRXGF) saw a large increase in short interest in February. As of February 15th, there was short interest totalling 349,000 shares, an increase of 30.2% from the January 31st total of 268,100 shares. Based on an average daily trading volume, of 800 shares, the short-interest ratio is currently 436.3 days.

Drax Group Stock Down 3.3 %

OTCMKTS DRXGF traded down $0.26 during trading hours on Wednesday, hitting $7.66. 795 shares of the company’s stock traded hands, compared to its average volume of 1,881. The firm’s 50-day moving average is $7.71 and its 200-day moving average is $8.18. Drax Group has a 52-week low of $5.80 and a 52-week high of $8.92.

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.