Drax Group plc (OTCMKTS:DRXGY – Get Free Report) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 72 shares, a decline of 72.7% from the September 30th total of 264 shares. Based on an average daily trading volume, of 41 shares, the short-interest ratio is presently 1.8 days.
Drax Group Price Performance
OTCMKTS:DRXGY remained flat at $21.30 during trading hours on Friday. Drax Group has a 1-year low of $17.96 and a 1-year high of $25.25. The company has a 50 day simple moving average of $19.73 and a two-hundred day simple moving average of $22.05.
About Drax Group
Drax Group plc is a British energy company focused on renewable and low-carbon power generation, energy services and biomass supply. Its principal asset is Drax Power Station in North Yorkshire, England, which generates electricity primarily from sustainable biomass. The company completed its conversion from coal-fired generation to biomass and ended commercial coal generation in 2023.
Drax also operates hydroelectric and pumped-storage facilities in Scotland, providing renewable generation and flexible power-storage services to support the electricity grid.
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