Oriental Rise Holdings Limited (NASDAQ:ORIS) Short Interest Up 441.2% in March

Oriental Rise Holdings Limited (NASDAQ:ORIS) was the target of a large growth in short interest in March. As of March 13th, there was short interest totaling 320,955 shares, a growth of 441.2% from the February 26th total of 59,308 shares. Based on an average daily trading volume, of 135,672 shares, the days-to-cover ratio is presently 2.4 days. Approximately 29.2% of the shares of the company are short sold.

Oriental Rise Trading Up 0.3%

Shares of NASDAQ:ORIS traded up $0.00 during trading on Thursday, reaching $0.85. The company had a trading volume of 930,593 shares, compared to its average volume of 808,120. The firm’s fifty day moving average is $1.09 and its 200 day moving average is $2.10. Oriental Rise has a twelve month low of $0.28 and a twelve month high of $26.60.

Analyst Ratings Changes

Several brokerages have weighed in on ORIS. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Oriental Rise in a research note on Monday, December 29th. Wall Street Zen cut Oriental Rise to a “strong sell” rating in a research note on Saturday, January 3rd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Oriental Rise 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.