Short Interest in Orca Energy Group Inc. (OTCMKTS:ORXGF) Declines By 58.8%

Orca Energy Group Inc. (OTCMKTS:ORXGF – Get Rating) was the target of a large decline in short interest during the month of May. As of May 15th, there was short interest totalling 700 shares, a decline of 58.8% from the April 30th total of 1,700 shares. Based on an average daily trading volume, of 2,900 shares, the short-interest ratio is presently 0.2 days.

Orca Energy Group Stock Performance

Orca Energy Group stock remained flat at $3.70 during mid-day trading on Friday. The stock has a 50 day moving average of $3.77 and a 200-day moving average of $3.65. Orca Energy Group has a fifty-two week low of $2.90 and a fifty-two week high of $4.24.

Orca Energy Group Company Profile

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Orca Energy Group Inc engages in the exploration, development, production, and sale of petroleum and natural gas to the power and industrial sectors in Tanzania. It principally holds interests in the Songo Songo natural gas field 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.