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

Orca Energy Group Inc. (OTCMKTS:ORXGF) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totalling 1,900 shares, a growth of 1,800.0% from the November 30th total of 100 shares. Based on an average daily volume of 1,300 shares, the days-to-cover ratio is currently 1.5 days.

Orca Energy Group Stock Performance

Shares of ORXGF traded down $0.10 during mid-day trading on Thursday, reaching $1.99. The stock had a trading volume of 2,312 shares, compared to its average volume of 2,133. The business has a fifty day moving average of $2.06 and a 200 day moving average of $2.37. Orca Energy Group has a 12 month low of $1.82 and a 12 month high of $3.30.

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.