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

by · The Cerbat Gem

Oriental Rise Holdings Limited (NASDAQ:ORIS – Get Free Report) was the recipient of a significant decline in short interest in February. As of February 27th, there was short interest totaling 59,308 shares, a decline of 36.5% from the February 12th total of 93,374 shares. Based on an average daily trading volume, of 120,471 shares, the days-to-cover ratio is presently 0.5 days. Approximately 5.4% of the shares of the stock are sold short. Approximately 5.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 120,471 shares, the days-to-cover ratio is presently 0.5 days.

Oriental Rise Stock Down 6.3%

Shares of NASDAQ:ORIS traded down $0.04 during trading on Friday, reaching $0.66. The company’s stock had a trading volume of 109,810 shares, compared to its average volume of 125,442. Oriental Rise has a 12 month low of $0.55 and a 12 month high of $26.60. The firm’s 50 day simple moving average is $1.20 and its two-hundred day simple moving average is $2.20.

Analyst Ratings Changes

Several equities analysts recently weighed in 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 downgraded 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, Based on data from MarketBeat.com, Oriental Rise currently has a consensus rating of “Sell”.

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Oriental Rise Company Profile

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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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