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

Orca Energy Group Inc. (OTCMKTS:ORXGF) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 1,352 shares, a decline of 54.5% from the June 30th total of 2,973 shares. Based on an average daily volume of 329 shares, the days-to-cover ratio is currently 4.1 days.

Orca Energy Group Stock Performance

ORXGF remained flat at $2.02 on Tuesday. The business’s 50 day moving average is $2.17 and its 200 day moving average is $2.53. Orca Energy Group has a 12-month low of $1.84 and a 12-month high of $3.75.

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.