Oriental Rise Holdings Limited (NASDAQ:ORIS) Short Interest Down 90.5% in December

Oriental Rise Holdings Limited (NASDAQ:ORISGet 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

NASDAQ:ORIS traded up $0.09 during trading hours on Wednesday, hitting $1.56. 384,398 shares of the company traded hands, compared to its average volume of 713,124. The firm’s 50-day simple moving average is $2.04 and its 200-day simple moving average is $3.65. Oriental Rise has a one year low of $1.11 and a one year high of $45.60.

About Oriental Rise

(Get Free Report)

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.

Further Reading

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