Drax Group plc (OTCMKTS:DRXGF) Sees Significant Decrease in Short Interest

Drax Group plc (OTCMKTS:DRXGF) was the recipient of a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 200 shares, a drop of 71.4% from the November 15th total of 700 shares. Based on an average trading volume of 200 shares, the short-interest ratio is presently 1.0 days.

Drax Group Price Performance

Drax Group stock remained flat at $8.21 during midday trading on Friday. Drax Group has a 52-week low of $5.23 and a 52-week high of $8.92. The company has a 50 day simple moving average of $8.52 and a 200 day simple moving average of $7.78.

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.