Origin Energy Limited (OTCMKTS:OGFGY) Sees Large Growth in Short Interest

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

Origin Energy Stock Performance

Shares of Origin Energy stock traded up $0.20 during trading on Friday, reaching $7.42. The stock had a trading volume of 10,678 shares, compared to its average volume of 21,700. The stock has a fifty day moving average price of $7.93 and a two-hundred day moving average price of $8.06. Origin Energy has a 52 week low of $7.07 and a 52 week high of $9.70.

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.