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

Dowlais Group plc (OTCMKTS:DWLAF) saw a significant increase in short interest in January. As of January 30th, there was short interest totaling 1,288 shares, an increase of 347.2% from the January 15th total of 288 shares. Based on an average daily trading volume, of 264 shares, the short-interest ratio is presently 4.9 days. Based on an average daily trading volume, of 264 shares, the short-interest ratio is presently 4.9 days.

Dowlais Group Price Performance

Shares of OTCMKTS:DWLAF opened at $1.32 on Thursday. The business’s 50 day simple moving average is $1.14 and its 200-day simple moving average is $1.08. Dowlais Group has a 12 month low of $0.64 and a 12 month high of $1.32.

About Dowlais Group

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.