Oriental Rise Holdings Limited (NASDAQ:ORIS) Short Interest Update

Oriental Rise Holdings Limited (NASDAQ:ORIS) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totaling 3,960,000 shares, a growth of 155.5% from the September 15th total of 1,550,000 shares. Based on an average daily volume of 41,740,000 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 41,740,000 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Oriental Rise in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Oriental Rise Trading Down 0.4%

NASDAQ ORIS opened at $0.16 on Friday. Oriental Rise has a fifty-two week low of $0.08 and a fifty-two week high of $56.01. The stock has a 50 day simple moving average of $0.15 and a two-hundred day simple moving average of $0.54.

About Oriental Rise

Oriental Rise Holdings Ltd. engages in the cultivation, processing, and sale of tea leaves and tea products. It operates through the Primarily-Processes Teas and Refined Teas segments. The company was founded by Chun Sun Wong, Wai Kwong Fong and Deming Zhou on January 25, 2019 and is headquartered in Ningde, China.