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

Orca Energy Group Inc. (OTCMKTS:ORXGF) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 600 shares, a growth of 500.0% from the February 28th total of 100 shares. Based on an average daily trading volume, of 2,400 shares, the short-interest ratio is currently 0.3 days.

Orca Energy Group Stock Performance

Shares of Orca Energy Group stock remained flat at $2.00 during trading hours on Wednesday. Orca Energy Group has a fifty-two week low of $1.82 and a fifty-two week high of $3.12. The business’s 50-day simple moving average is $2.08 and its 200 day simple moving average is $2.12.

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.