Oriental Rise Holdings Limited (NASDAQ:ORIS – Get Free Report) was the target of a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 83,832 shares, a drop of 43.9% from the December 31st total of 149,449 shares. Approximately 7.6% of the company’s shares are short sold. Based on an average daily trading volume, of 926,987 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 926,987 shares, the days-to-cover ratio is presently 0.1 days. Approximately 7.6% of the company’s shares are short sold.
Oriental Rise Trading Down 2.4%
ORIS traded down $0.03 during trading on Friday, reaching $1.22. 75,514 shares of the company’s stock were exchanged, compared to its average volume of 550,085. Oriental Rise has a one year low of $1.11 and a one year high of $45.60. The firm has a fifty day moving average price of $1.77 and a two-hundred day moving average price of $2.80.
Analyst Upgrades and Downgrades
Several research firms have commented on ORIS. Wall Street Zen cut Oriental Rise to a “strong sell” rating in a research note on Saturday, January 3rd. Weiss Ratings restated a “sell (d)” rating on shares of Oriental Rise in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock 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.
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