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

Orca Energy Group Inc. (OTCMKTS:ORXGF) was the recipient of a large 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 Stock Performance

Orca Energy Group stock remained flat at $2.07 during mid-day trading on Friday. The company’s stock had a trading volume of 720 shares, compared to its average volume of 3,018. The stock has a fifty day moving average price of $2.33 and a 200-day moving average price of $2.58. Orca Energy Group has a 52 week low of $1.84 and a 52 week high of $3.75.

About Orca Energy Group

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.