Drax Group plc (OTCMKTS:DRXGY) Short Interest Up 50.0% in June

Drax Group plc (OTCMKTS:DRXGY) was the target of a large increase in short interest in June. As of June 15th, there was short interest totalling 300 shares, an increase of 50.0% from the May 31st total of 200 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is presently 3.0 days.

Drax Group Price Performance

Shares of OTCMKTS DRXGY opened at $13.11 on Monday. The business has a 50 day simple moving average of $14.27 and a 200 day simple moving average of $12.72. Drax Group has a 52 week low of $9.74 and a 52 week high of $15.30.

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.