Drax Group plc (OTCMKTS:DRXGF – Get Free Report) saw a significant drop in short interest in September. As of September 15th, there was short interest totaling 49,271 shares, a drop of 92.4% from the August 31st total of 644,525 shares. Based on an average daily volume of 9 shares, the short-interest ratio is currently 5,474.6 days.
Drax Group Price Performance
DRXGF stock remained flat at $9.78 during trading on Friday. Drax Group has a 12-month low of $8.57 and a 12-month high of $12.75. The business has a fifty day moving average of $9.78 and a 200-day moving average of $10.37.
Drax Group Company Profile
Drax Group plc is a United Kingdom-based energy company focused on renewable and flexible power generation. Its principal asset is the Drax Power Station in North Yorkshire, which generates electricity primarily from sustainably sourced biomass. The company also operates hydroelectric power stations and pumped-storage facilities in Scotland, including Cruachan Power Station, supporting the reliability and flexibility of the electricity system.
Drax supplies renewable electricity and system-support services to the UK power market.
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