Drax Group plc (OTCMKTS:DRXGY) Short Interest Down 22.2% in March

Drax Group plc (OTCMKTS:DRXGYGet Free Report) was the target of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 700 shares, a decrease of 22.2% from the February 29th total of 900 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is presently 7.0 days.

Drax Group Price Performance

Drax Group stock opened at $10.80 on Monday. Drax Group has a 52-week low of $9.74 and a 52-week high of $15.50. The company has a fifty day simple moving average of $11.29 and a 200-day simple moving average of $11.23.

Drax Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, April 19th will be issued a dividend of $0.3105 per share. This is a positive change from Drax Group’s previous dividend of $0.16. The ex-dividend date of this dividend is Thursday, April 18th. Drax Group’s dividend payout ratio is presently -53.33%.

About Drax Group

(Get Free Report)

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.

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