Short Interest in Orca Energy Group Inc. (OTCMKTS:ORXGF) Declines By 99.9%

Orca Energy Group Inc. (OTCMKTS:ORXGF) was the recipient of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 2 shares, a decrease of 99.9% from the May 31st total of 1,881 shares. Based on an average trading volume of 3,527 shares, the short-interest ratio is currently 0.0 days.

Orca Energy Group Stock Performance

ORXGF traded down $0.06 during midday trading on Thursday, reaching $1.92. 11,500 shares of the company’s stock were exchanged, compared to its average volume of 3,058. The business’s 50-day moving average price is $2.50 and its 200 day moving average price is $2.61. Orca Energy Group has a 1-year low of $1.84 and a 1-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.