Orca Energy Group Inc. (OTCMKTS:ORXGF) Short Interest Up 500.0% in March

Orca Energy Group Inc. (OTCMKTS:ORXGF) was the target of a significant growth in short interest in 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 days-to-cover ratio is currently 0.3 days.

Orca Energy Group Stock Performance

Shares of ORXGF remained flat at $2.00 during mid-day trading on Friday. The firm has a 50-day simple moving average of $2.07 and a two-hundred day simple moving average of $2.12. Orca Energy Group has a 52-week low of $1.82 and a 52-week high of $3.12.

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.