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

Orca Energy Group Inc. (OTCMKTS:ORXGF) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 2 shares, a decrease of 99.9% from the May 31st total of 1,881 shares. Based on an average daily trading volume, of 3,527 shares, the short-interest ratio is currently 0.0 days.

Orca Energy Group Price Performance

Shares of OTCMKTS:ORXGF traded up $0.12 during midday trading on Friday, hitting $2.04. The stock had a trading volume of 6,470 shares, compared to its average volume of 3,101. The company’s 50-day moving average price is $2.48 and its 200-day moving average price is $2.61. Orca Energy Group has a fifty-two week low of $1.84 and a fifty-two 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.