Orca Energy Group Inc. (OTCMKTS:ORXGF) Sees Significant Growth in Short Interest

Orca Energy Group Inc. (OTCMKTS:ORXGF) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 2,973 shares, an increase of 148,550.0% from the June 15th total of 2 shares. Based on an average trading volume of 6,814 shares, the short-interest ratio is presently 0.4 days.

Orca Energy Group Price Performance

Shares of ORXGF stock remained flat at $2.07 during trading hours on Friday. 720 shares of the stock traded hands, compared to its average volume of 3,018. The stock has a fifty day moving average of $2.33 and a two-hundred day moving average of $2.58. Orca Energy Group has a twelve month low of $1.84 and a twelve month high of $3.75.

Orca Energy Group Company Profile

Orca Energy Group Inc engages in the exploration, development, production, and supply of petroleum and natural gas to the power and industrial sectors in Tanzania. It principal asset is the Songo Songo block comprising an area of approximately 41,630 acres located to the south of Dar Es Salaam. The company was formerly known as Orca Exploration Group Inc and changed its name to Orca Energy Group Inc in July 2020. Orca Energy Group Inc was incorporated in 2004 and is based in Road Town, British Virgin Islands.