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

Orca Energy Group Inc. (OTCMKTS:ORXGF) saw a significant increase in short interest in March. As of March 15th, there was short interest totalling 600 shares, an increase of 500.0% from the February 28th total of 100 shares. Based on an average daily trading volume, of 2,400 shares, the days-to-cover ratio is presently 0.3 days.

Orca Energy Group Stock Performance

OTCMKTS ORXGF remained flat at $2.00 on Thursday. The company’s 50 day simple moving average is $2.08 and its 200 day simple moving average is $2.12. Orca Energy Group has a 52-week low of $1.82 and a 52-week high of $3.12.

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.