Orca Energy Group Inc. (OTCMKTS:ORXGF) Stock Short Interest Rises 84.5%

Orca Energy Group Inc. (OTCMKTS:ORXGF) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 14,010 shares, a growth of 84.5% from the September 15th total of 7,595 shares. Based on an average daily trading volume, of 3,825 shares, the days-to-cover ratio is presently 3.7 days.

Orca Energy Group Stock Performance

ORXGF stock opened at $1.84 on Thursday. Orca Energy Group has a 1 year low of $1.60 and a 1 year high of $3.75. The stock’s fifty day moving average price is $1.83 and its 200-day moving average price is $2.16.

Orca Energy Group Company Profile

Orca Energy Group Inc is an independent natural gas company focused on the development, production and sale of natural gas in Tanzania. Through its subsidiary, PanAfrican Energy Tanzania Limited, the company operates the Songo Songo gas project, located off the coast of mainland Tanzania.

The Songo Songo project includes offshore production wells, a gas processing facility and related transportation infrastructure. Orca supplies natural gas to Tanzania’s power-generation sector and to industrial and commercial customers, supporting electricity production and the replacement of more expensive liquid fuels.

The company has historically concentrated its operations in Tanzania and has worked with government and local energy-sector entities to expand the use of domestic natural gas.