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

Orca Energy Group Inc. (OTCMKTS:ORXGF) was the recipient of a significant decline in short interest in September. As of September 30th, there was short interest totaling 1,100 shares, a decline of 57.7% from the September 15th total of 2,600 shares. Based on an average trading volume of 4,000 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 4,000 shares, the days-to-cover ratio is currently 0.3 days.

Orca Energy Group Price Performance

Shares of OTCMKTS ORXGF opened at $2.46 on Friday. Orca Energy Group has a 12 month low of $1.82 and a 12 month high of $3.34. The stock has a 50-day moving average price of $2.63 and a two-hundred day moving average price of $2.37.

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.