Short Interest in Orca Energy Group Inc. (OTCMKTS:ORXGF) Rises By 17,005.8%

Orca Energy Group Inc. (OTCMKTS:ORXGF) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 8,895 shares, an increase of 17,005.8% from the August 15th total of 52 shares. Based on an average trading volume of 9,687 shares, the days-to-cover ratio is currently 0.9 days.

Orca Energy Group Price Performance

OTCMKTS:ORXGF remained flat at $1.67 on Thursday. The stock has a fifty day simple moving average of $1.95 and a two-hundred day simple moving average of $2.34. Orca Energy Group has a 52-week low of $1.67 and a 52-week 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.