Origin Energy Limited (OTCMKTS:OGFGY) Short Interest Up 951.4% in June

Origin Energy Limited (OTCMKTS:OGFGY) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 7,623 shares, an increase of 951.4% from the June 15th total of 725 shares. Based on an average daily trading volume, of 14,395 shares, the days-to-cover ratio is currently 0.5 days.

Origin Energy Price Performance

Shares of OTCMKTS OGFGY traded up $0.20 during midday trading on Friday, reaching $7.42. The company’s stock had a trading volume of 10,678 shares, compared to its average volume of 21,700. Origin Energy has a fifty-two week low of $7.07 and a fifty-two week high of $9.70. The stock has a 50 day simple moving average of $7.93 and a 200-day simple moving average of $8.06.

About Origin Energy

Origin Energy is an Australian integrated energy company with operations spanning natural gas exploration and production, electricity generation and retail energy sales. Headquartered in Sydney, the company develops and produces gas from onshore and offshore fields in Australia, including its stake in the Australia Pacific LNG joint venture. On the generation side, Origin’s portfolio comprises gas-fired power stations as well as investments in renewable energy projects such as wind farms, solar installations and battery storage facilities.

In its retail business, Origin supplies electricity, natural gas and solar products to residential and commercial customers across all Australian states and territories.