Dowlais Group plc (OTCMKTS:DWLAF) Sees Significant Growth in Short Interest

Dowlais Group plc (OTCMKTS:DWLAF) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totalling 1,300 shares, an increase of 1,200.0% from the November 30th total of 100 shares. Based on an average daily trading volume, of 4,500 shares, the days-to-cover ratio is presently 0.3 days.

Dowlais Group Stock Performance

Shares of DWLAF remained flat at $0.73 during trading hours on Thursday. Dowlais Group has a 52-week low of $0.62 and a 52-week high of $1.33. The stock’s 50-day moving average price is $0.69 and its 200 day moving average price is $0.77.

Dowlais Group Company Profile

Dowlais Group Plc manufactures and sells automotive parts in the Americas, Europe, and Asia. The company engages in developing, manufacturing, and supplying automotive drive systems for conventional and electric vehicles. It manufactures sideshafts, propshafts, and constant velocity joints for passenger vehicles; and AWD systems and eDrive systems, as well as provides component solutions to systems, including control software.