Drax Group plc (OTCMKTS:DRXGF) Short Interest Up 475.7% in December

Drax Group plc (OTCMKTS:DRXGF – Get Free Report) saw a large increase in short interest in December. As of December 31st, there was short interest totalling 21,300 shares, an increase of 475.7% from the December 15th total of 3,700 shares. Based on an average trading volume of 800 shares, the days-to-cover ratio is currently 26.6 days.

Drax Group Price Performance

Shares of Drax Group stock remained flat at $7.62 during trading on Wednesday. The stock had a trading volume of 2 shares, compared to its average volume of 591. Drax Group has a fifty-two week low of $5.23 and a fifty-two week high of $8.92. The business’s fifty day moving average is $8.13 and its two-hundred day moving average is $8.04.

About Drax Group

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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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