Orca Energy Group Inc. (OTCMKTS:ORXGF) Short Interest Update

Orca Energy Group Inc. (OTCMKTS:ORXGF) was the target of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 1,881 shares, a drop of 68.2% from the May 14th total of 5,921 shares. Based on an average daily volume of 2,734 shares, the days-to-cover ratio is currently 0.7 days.

Orca Energy Group Price Performance

Orca Energy Group stock traded up $0.17 during midday trading on Friday, reaching $2.17. The stock had a trading volume of 135 shares, compared to its average volume of 3,037. Orca Energy Group has a twelve month low of $2.00 and a twelve month high of $3.75. The stock’s 50-day simple moving average is $2.59 and its 200 day simple moving average is $2.63.

About Orca Energy Group

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. Orca Energy Group Inc was incorporated in 2004 and is based in Road Town, British Virgin Islands.