Dowlais Group plc (OTCMKTS:DWLAF) Sees Large Drop in Short Interest

Dowlais Group plc (OTCMKTS:DWLAF) saw a large decrease in short interest in the month of December. As of December 15th, there was short interest totaling 288 shares, a decrease of 99.7% from the November 30th total of 92,344 shares. Based on an average daily trading volume, of 2,350 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 2,350 shares, the short-interest ratio is presently 0.1 days.

Dowlais Group Price Performance

OTCMKTS:DWLAF remained flat at $1.08 on Thursday. The company has a fifty day moving average of $1.08 and a two-hundred day moving average of $1.02. Dowlais Group has a 52-week low of $0.64 and a 52-week high of $1.12.

Dowlais Group Company Profile

Dowlais Group Limited, trading under the ticker OTCMKTS:DWLAF, is a diversified industrial company specializing in steel, aluminum, mining and energy operations. The group brings together a network of manufacturing facilities, including steel plants, foundries and recycling centres, to process raw materials into finished metal products. Drawing on the heritage of the historic Dowlais Ironworks and other industrial sites, the company focuses on both flat and long steel production, as well as aluminium rolling and extrusion.

The company’s product portfolio spans hot-rolled and cold-rolled steel coils, galvanized steel, sections and bars, aluminium sheets and extruded profiles, and specialty metal alloys.