Orca Energy Group Inc. (OTCMKTS:ORXGF) Sees Large Drop in Short Interest

Orca Energy Group Inc. (OTCMKTS:ORXGF) was the recipient of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 1,881 shares, a decline 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

Shares of OTCMKTS:ORXGF remained flat at $2.00 during trading on Thursday. The company’s stock had a trading volume of 1,100 shares, compared to its average volume of 3,077. Orca Energy Group has a 52-week low of $2.00 and a 52-week high of $3.75. The firm has a fifty day simple moving average of $2.61 and a two-hundred day simple moving average of $2.63.

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