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

Orca Energy Group Inc. (OTCMKTS:ORXGF) saw a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 500 shares, an increase of 400.0% from the October 31st total of 100 shares. Based on an average daily trading volume, of 2,000 shares, the days-to-cover ratio is presently 0.3 days.

Orca Energy Group Price Performance

ORXGF stock remained flat at $2.05 during mid-day trading on Wednesday. 200 shares of the company’s stock traded hands, compared to its average volume of 2,114. The business has a fifty day simple moving average of $2.15 and a 200 day simple moving average of $2.47. Orca Energy Group has a 1 year low of $1.82 and a 1 year high of $3.38.

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.