Drax Group plc (OTCMKTS:DRXGF) Short Interest Up 511.8% in March

Drax Group plc (OTCMKTS:DRXGF) saw a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 10,400 shares, an increase of 511.8% from the February 29th total of 1,700 shares. Based on an average daily trading volume, of 200 shares, the days-to-cover ratio is presently 52.0 days.

Drax Group Stock Performance

Shares of OTCMKTS DRXGF opened at $6.37 on Thursday. Drax Group has a one year low of $4.88 and a one year high of $8.22. The business has a fifty day simple moving average of $5.93 and a 200 day simple moving average of $5.86.

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.