Origin Energy Limited (OTCMKTS:OGFGY) Sees Large Growth in Short Interest

Origin Energy Limited (OTCMKTS:OGFGY) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 7,623 shares, an increase of 951.4% from the June 15th total of 725 shares. Based on an average daily volume of 14,395 shares, the days-to-cover ratio is presently 0.5 days.

Origin Energy Stock Performance

OGFGY stock traded up $0.20 during mid-day trading on Friday, hitting $7.42. 10,678 shares of the company were exchanged, compared to its average volume of 21,700. Origin Energy has a 1-year low of $7.07 and a 1-year high of $9.70. The firm’s 50 day simple moving average is $7.93 and its 200 day simple moving average is $8.06.

About Origin Energy

Origin Energy is an Australian integrated energy company with operations spanning natural gas exploration and production, electricity generation and retail energy sales. Headquartered in Sydney, the company develops and produces gas from onshore and offshore fields in Australia, including its stake in the Australia Pacific LNG joint venture. On the generation side, Origin’s portfolio comprises gas-fired power stations as well as investments in renewable energy projects such as wind farms, solar installations and battery storage facilities.

In its retail business, Origin supplies electricity, natural gas and solar products to residential and commercial customers across all Australian states and territories.