Short Interest in Drax Group plc (OTCMKTS:DRXGF) Declines By 71.4%

Drax Group plc (OTCMKTS:DRXGF) saw a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 200 shares, a decrease of 71.4% from the November 15th total of 700 shares. Based on an average daily volume of 200 shares, the days-to-cover ratio is currently 1.0 days.

Drax Group Price Performance

Shares of DRXGF remained flat at $8.21 during trading hours on Thursday. The business’s 50 day moving average is $8.52 and its 200-day moving average is $7.78. Drax Group has a fifty-two week low of $5.23 and a fifty-two week high of $8.92.

Drax Group Company Profile

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.