Drax Group plc (OTCMKTS:DRXGY – Get Free Report) saw a large drop in short interest in 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 trading volume of 214 shares, the days-to-cover ratio is currently 2.2 days. Based on an average trading volume of 214 shares, the days-to-cover ratio is currently 2.2 days.
Drax Group Price Performance
Shares of DRXGY stock opened at $25.25 on Wednesday. Drax Group has a 12 month low of $14.24 and a 12 month high of $25.25. The company’s fifty day simple moving average is $22.49 and its 200-day simple moving average is $20.17.
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.
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