Drax Group plc (OTCMKTS:DRXGY) Sees Significant Decrease in Short Interest

by · The Cerbat Gem

Drax Group plc (OTCMKTS:DRXGY – Get Free Report) saw a large decrease in short interest in January. As of January 15th, there was short interest totaling 464 shares, a decrease of 19.2% from the December 31st total of 574 shares. Based on an average daily trading volume, of 214 shares, the short-interest ratio is presently 2.2 days. Based on an average daily trading volume, of 214 shares, the short-interest ratio is presently 2.2 days.

Drax Group Stock Performance

Shares of OTCMKTS DRXGY remained flat at $25.25 during midday trading on Monday. 1 shares of the company’s stock were exchanged, compared to its average volume of 300. Drax Group has a fifty-two week low of $14.24 and a fifty-two week high of $25.25. The company’s 50-day moving average is $22.39 and its 200-day moving average is $20.13.

About Drax Group

(Get Free Report)

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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