Short Interest in Drax Group plc (OTCMKTS:DRXGY) Decreases By 14.3%

Drax Group plc (OTCMKTS:DRXGY) saw a significant decline in short interest in March. As of March 31st, there was short interest totalling 600 shares, a decline of 14.3% from the March 15th total of 700 shares. Based on an average trading volume of 100 shares, the short-interest ratio is currently 6.0 days.

Drax Group Stock Down 1.0 %

Shares of OTCMKTS:DRXGY opened at $13.46 on Tuesday. The company has a 50 day moving average of $11.22 and a 200 day moving average of $11.20. Drax Group has a 12 month low of $9.74 and a 12 month high of $15.28.

Drax Group Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, April 19th will be paid a $0.3105 dividend. The ex-dividend date of this dividend is Thursday, April 18th. This is a boost from Drax Group’s previous dividend of $0.16. Drax Group’s payout ratio is currently -53.33%.

Drax Group Company Profile

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.