Short Interest in Orca Energy Group Inc. (OTCMKTS:ORXGF) Rises By 700.0%

Orca Energy Group Inc. (OTCMKTS:ORXGF) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 4,800 shares, an increase of 700.0% from the September 15th total of 600 shares. Based on an average daily volume of 3,300 shares, the days-to-cover ratio is presently 1.5 days.

Orca Energy Group Stock Performance

ORXGF remained flat at $2.29 during trading on Thursday. Orca Energy Group has a 52 week low of $1.93 and a 52 week high of $3.58. The firm has a fifty day simple moving average of $2.33 and a 200-day simple moving average of $2.70.

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.