Orient Overseas International Ltd. (OTCMKTS:OROVY) Shares Shorted: Short Interest Down 48.4% in October

Orient Overseas International Ltd. (OTCMKTS:OROVY) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 33 shares, a decline of 48.4% from the September 30th total of 64 shares. Based on an average trading volume of 49 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.0% of the company’s shares are sold short.

Orient Overseas International Stock Performance

OTCMKTS OROVY remained flat at $97.80 during trading on Monday. 3 shares of the company’s stock traded hands, compared to its average volume of 16. The stock has a 50 day simple moving average of $99.41 and a two-hundred day simple moving average of $91.11. Orient Overseas International has a 1-year low of $76.25 and a 1-year high of $110.10.

About Orient Overseas International

Orient Overseas International Limited (OOIL) is a Hong Kong-based transportation and logistics company focused primarily on international container shipping. Through its principal subsidiary, Orient Overseas Container Line (OOCL), the company provides ocean transportation services for containerized cargo, including manufactured goods, consumer products, raw materials and other commercial shipments.

OOCL operates services connecting major markets across Asia, North America, Europe, the Mediterranean, the Middle East, Australia and New Zealand, Africa and Latin America.