Short Interest in Dowlais Group plc (OTCMKTS:DWLAF) Grows By 347.2%

Dowlais Group plc (OTCMKTS:DWLAF) saw a large increase in short interest in January. As of January 30th, there was short interest totaling 1,288 shares, an increase of 347.2% from the January 15th total of 288 shares. Based on an average daily volume of 264 shares, the short-interest ratio is currently 4.9 days. Based on an average daily volume of 264 shares, the short-interest ratio is currently 4.9 days.

Dowlais Group Stock Performance

OTCMKTS DWLAF opened at $1.32 on Wednesday. Dowlais Group has a 12 month low of $0.64 and a 12 month high of $1.32. The company’s 50 day simple moving average is $1.13 and its 200 day simple moving average is $1.08.

Dowlais Group Company Profile

Dowlais Group Limited, trading under the ticker OTCMKTS:DWLAF, is a diversified industrial company specializing in steel, aluminum, mining and energy operations. The group brings together a network of manufacturing facilities, including steel plants, foundries and recycling centres, to process raw materials into finished metal products. Drawing on the heritage of the historic Dowlais Ironworks and other industrial sites, the company focuses on both flat and long steel production, as well as aluminium rolling and extrusion.

The company’s product portfolio spans hot-rolled and cold-rolled steel coils, galvanized steel, sections and bars, aluminium sheets and extruded profiles, and specialty metal alloys.