Orca Energy Group Inc. (OTCMKTS:ORXGF) Short Interest Down 54.5% in July

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

Orca Energy Group Stock Performance

Shares of ORXGF remained flat at $2.02 during trading hours on Thursday. The firm’s 50 day moving average price is $2.14 and its 200-day moving average price is $2.52. Orca Energy Group has a fifty-two week low of $1.84 and a fifty-two week 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.