Orca Energy Group Inc. (OTCMKTS:ORXGF) Short Interest Down 97.9% in October

Orca Energy Group Inc. (OTCMKTS:ORXGF) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totalling 100 shares, a drop of 97.9% from the September 30th total of 4,800 shares. Based on an average daily trading volume, of 1,200 shares, the days-to-cover ratio is presently 0.1 days.

Orca Energy Group Stock Performance

Shares of OTCMKTS:ORXGF opened at $2.10 on Friday. The company has a fifty day simple moving average of $2.30 and a 200 day simple moving average of $2.63. Orca Energy Group has a 12-month low of $1.93 and a 12-month high of $3.48.

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.