Drax Group plc (OTCMKTS:DRXGY) Short Interest Down 22.2% in March

Drax Group plc (OTCMKTS:DRXGYGet Free Report) was the recipient of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 700 shares, a decrease of 22.2% from the February 29th total of 900 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is presently 7.0 days.

Drax Group Stock Performance

OTCMKTS DRXGY opened at $10.80 on Friday. The firm has a 50-day moving average of $11.29 and a 200-day moving average of $11.27. Drax Group has a 52-week low of $9.74 and a 52-week high of $15.50.

Drax Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, April 19th will be given a $0.3105 dividend. The ex-dividend date is Thursday, April 18th. This is a positive change from Drax Group’s previous dividend of $0.16. Drax Group’s dividend payout ratio (DPR) is -53.33%.

About Drax Group

(Get Free Report)

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.

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