Orient Overseas International Ltd. (OTCMKTS:OROVY) Stock Short Interest Declines 48.4%

Orient Overseas International Ltd. (OTCMKTS:OROVY) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totaling 33 shares, a drop of 48.4% from the September 30th total of 64 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 49 shares, the days-to-cover ratio is presently 0.7 days.

Orient Overseas International Stock Performance

Shares of OROVY remained flat at $97.80 during trading hours on Friday. The company had a trading volume of 3 shares, compared to its average volume of 16. The stock has a 50-day moving average price of $99.41 and a 200-day moving average price of $91.11. Orient Overseas International has a 52-week low of $76.25 and a 52-week high of $110.10.

Orient Overseas International Company Profile

Orient Overseas International Limited (OOIL) is a Hong Kong-based transportation and logistics company focused primarily on international container shipping. Through its principal subsidiary, Orient Overseas Container Line (OOCL), the company provides ocean transportation services for containerized cargo, including manufactured goods, consumer products, raw materials and other commercial shipments.

OOCL operates services connecting major markets across Asia, North America, Europe, the Mediterranean, the Middle East, Australia and New Zealand, Africa and Latin America.