Oriental Rise Holdings Limited (NASDAQ:ORIS – Get Free Report) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 149,449 shares, a drop of 90.5% from the December 15th total of 1,581,141 shares. Currently, 13.6% of the company’s shares are short sold. Based on an average daily trading volume, of 1,069,375 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 1,069,375 shares, the days-to-cover ratio is currently 0.1 days. Currently, 13.6% of the company’s shares are short sold.
Wall Street Analysts Forecast Growth
ORIS has been the topic of a number of research reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Oriental Rise in a research report on Monday, December 29th. Wall Street Zen lowered shares of Oriental Rise to a “strong sell” rating in a report on Saturday, January 3rd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.
View Our Latest Report on Oriental Rise
Oriental Rise Price Performance
About Oriental Rise
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.
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