Short Interest in Oriental Rise Holdings Limited (NASDAQ:ORIS) Rises By 59.2%

Oriental Rise Holdings Limited (NASDAQ:ORIS) was the target of a large increase in short interest in December. As of December 15th, there was short interest totaling 1,581,141 shares, an increase of 59.2% from the November 30th total of 993,266 shares. Based on an average daily trading volume, of 2,128,336 shares, the short-interest ratio is currently 0.7 days. Approximately 7.2% of the company’s stock are sold short. Approximately 7.2% of the company’s stock are sold short. Based on an average daily trading volume, of 2,128,336 shares, the short-interest ratio is currently 0.7 days.

Oriental Rise Stock Down 0.2%

Oriental Rise stock traded down $0.00 during trading hours on Tuesday, hitting $1.30. The stock had a trading volume of 462,628 shares, compared to its average volume of 658,263. Oriental Rise has a 1-year low of $1.14 and a 1-year high of $57.00. The stock’s fifty day moving average is $0.12 and its two-hundred day moving average is $0.24.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Oriental Rise in a research note on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Oriental Rise presently has an average rating of “Sell”.

Oriental Rise Company Profile

Oriental Rise Acquisition Corp. (NASDAQ: ORIS) is a special purpose acquisition company formed to raise capital through an initial public offering with the objective of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination. As a blank-check company, Oriental Rise does not conduct any operations of its own until it identifies a suitable target business for acquisition.

The company seeks to partner with businesses operating in high-growth sectors across Asia, including Greater China and Southeast Asia.