Short Interest in Orca Energy Group Inc. (OTCMKTS:ORXGF) Expands By 84.2%

Orca Energy Group Inc. (OTCMKTS:ORXGF) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 3,500 shares, a growth of 84.2% from the December 31st total of 1,900 shares. Based on an average trading volume of 5,300 shares, the days-to-cover ratio is currently 0.7 days.

Orca Energy Group Price Performance

Shares of ORXGF stock opened at $2.08 on Friday. Orca Energy Group has a twelve month low of $1.82 and a twelve month high of $3.26. The company’s 50-day moving average price is $2.13 and its 200-day moving average price is $2.23.

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.