Short Interest in Drax Group plc (OTCMKTS:DRXGY) Drops By 19.2%

Drax Group plc (OTCMKTS:DRXGY) was the recipient of a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 464 shares, a drop of 19.2% from the December 31st total of 574 shares. Based on an average daily trading volume, of 214 shares, the short-interest ratio is currently 2.2 days. Based on an average daily trading volume, of 214 shares, the short-interest ratio is currently 2.2 days.

Drax Group Price Performance

Shares of OTCMKTS:DRXGY opened at $25.25 on Tuesday. The company has a 50 day moving average of $22.39 and a 200-day moving average of $20.13. Drax Group has a twelve month low of $14.24 and a twelve month high of $25.25.

Drax Group Company Profile

Drax Group is a leading renewable energy company focused on power generation and sustainable biomass production. Headquartered in Selby, North Yorkshire, England, the company operates Europe’s largest decarbonization project at Drax Power Station, which has transitioned from coal to low-carbon biomass. In addition to its core generation assets, Drax Group provides balancing services and system support to the UK electricity grid, helping to maintain network stability and reliability.

The company’s biomass division includes pellet mills and production facilities across the southeastern United States, where Drax Group manufactures sustainable wood pellets from responsibly managed forests.