Drax Group plc (OTCMKTS:DRXGY) Short Interest Update

Drax Group plc (OTCMKTS:DRXGY) was the recipient of a large drop in short interest in December. As of December 15th, there was short interest totaling 400 shares, a drop of 25.1% from the November 30th total of 534 shares. Based on an average daily volume of 47 shares, the short-interest ratio is currently 8.5 days. Based on an average daily volume of 47 shares, the short-interest ratio is currently 8.5 days.

Drax Group Trading Up 14.7%

DRXGY opened at $22.89 on Tuesday. Drax Group has a one year low of $14.24 and a one year high of $22.89. The business’s fifty day moving average is $19.51 and its two-hundred day moving average is $19.06.

About Drax Group

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.