Short Interest in Dowlais Group plc (OTCMKTS:DWLAF) Increases By 230.8%

Dowlais Group plc (OTCMKTS:DWLAF) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 4,300 shares, an increase of 230.8% from the December 31st total of 1,300 shares. Based on an average trading volume of 66,400 shares, the short-interest ratio is currently 0.1 days.

Dowlais Group Price Performance

Shares of DWLAF traded down $0.07 during mid-day trading on Thursday, hitting $0.86. 119,500 shares of the company’s stock traded hands, compared to its average volume of 30,700. Dowlais Group has a 1 year low of $0.62 and a 1 year high of $1.14. The business’s 50-day moving average price is $0.77 and its 200-day moving average price is $0.77.

Dowlais Group Company Profile

Dowlais Group Plc manufactures and sells automotive parts in the Americas, Europe, and Asia. The company engages in developing, manufacturing, and supplying automotive drive systems for conventional and electric vehicles. It manufactures sideshafts, propshafts, and constant velocity joints for passenger vehicles; and AWD systems and eDrive systems, as well as provides component solutions to systems, including control software.