Short Interest in Oriental Rise Holdings Limited (NASDAQ:ORIS) Declines By 36.5%

Oriental Rise Holdings Limited (NASDAQ:ORISGet Free Report) saw a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 59,308 shares, a decrease of 36.5% from the February 12th total of 93,374 shares. Based on an average daily trading volume, of 120,471 shares, the short-interest ratio is presently 0.5 days. Currently, 5.4% of the company’s shares are short sold. Currently, 5.4% of the company’s shares are short sold. Based on an average daily trading volume, of 120,471 shares, the short-interest ratio is presently 0.5 days.

Analyst Ratings Changes

Several research analysts have commented on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Oriental Rise in a research note 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 data from MarketBeat.com, the stock presently has an average rating of “Sell”.

View Our Latest Report on ORIS

Oriental Rise Price Performance

Shares of ORIS stock traded down $0.04 on Friday, reaching $0.66. 109,810 shares of the company’s stock were exchanged, compared to its average volume of 125,442. The company’s fifty day simple moving average is $1.20 and its 200 day simple moving average is $2.20. Oriental Rise has a 52 week low of $0.55 and a 52 week high of $26.60.

Oriental Rise Company Profile

(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.

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