Drax Group plc (OTCMKTS:DRXGF) Short Interest Down 71.2% in January

Drax Group plc (OTCMKTS:DRXGF) was the target of a large decrease in short interest during the month of January. As of January 15th, there was short interest totaling 52,505 shares, a decrease of 71.2% from the December 31st total of 182,142 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is presently 525.1 days. Based on an average daily volume of 100 shares, the days-to-cover ratio is presently 525.1 days.

Drax Group Trading Up 2.4%

DRXGF stock traded up $0.29 during trading on Thursday, hitting $12.00. 100 shares of the stock traded hands, compared to its average volume of 833. Drax Group has a one year low of $7.33 and a one year high of $12.00. The company has a 50 day simple moving average of $10.72 and a 200 day simple moving average of $9.79.

About Drax Group

Drax Group is a UK-based energy company primarily engaged in the generation of low-carbon electricity and the production of sustainable biomass. The company’s flagship facility, Drax Power Station in North Yorkshire, is the largest single-site generator of renewable electricity in the United Kingdom. Over recent years, Drax has transitioned from coal to sustainably sourced wood pellets, positioning itself as a leader in the move toward carbon-neutral power generation. In addition to electricity generation, Drax Group operates a supply business serving industrial and commercial customers across the UK, providing tailored energy solutions with an emphasis on flexibility and carbon reduction.

Founded with the commissioning of Drax Power Station in the mid-1970s, the business was privatized following the UK electricity market reforms of the early 1990s and later listed on the London Stock Exchange in 2005.