Drax Group plc (OTCMKTS:DRXGF) Sees Significant Growth in Short Interest

Drax Group plc (OTCMKTS:DRXGF) saw a significant increase in short interest in September. As of September 15th, there was short interest totaling 195,300 shares, an increase of 16,175.0% from the August 31st total of 1,200 shares. Based on an average trading volume of 100 shares, the short-interest ratio is currently 1,953.0 days. Based on an average trading volume of 100 shares, the short-interest ratio is currently 1,953.0 days.

Drax Group Price Performance

Shares of DRXGF opened at $9.04 on Thursday. Drax Group has a 52 week low of $7.33 and a 52 week high of $9.56. The stock has a 50 day moving average price of $9.30 and a two-hundred day moving average price of $8.53.

About Drax Group

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.