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

Orca Energy Group Inc. (OTCMKTS:ORXGF) was the target of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 52 shares, a decline of 96.7% from the July 30th total of 1,562 shares. Based on an average daily volume of 8,912 shares, the days-to-cover ratio is currently 0.0 days.

Orca Energy Group Price Performance

Shares of OTCMKTS ORXGF opened at $2.10 on Thursday. The stock’s fifty day moving average price is $1.98 and its two-hundred day moving average price is $2.43. Orca Energy Group has a one year low of $1.81 and a one year high of $3.75.

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