Oriental Rise Holdings Limited (NASDAQ:ORIS – Get Free Report) was the target of a large drop in short interest in December. As of December 31st, there was short interest totaling 149,449 shares, a drop of 90.5% from the December 15th total of 1,581,141 shares. Based on an average daily trading volume, of 1,069,375 shares, the days-to-cover ratio is currently 0.1 days. Currently, 13.6% of the shares of the stock are short sold. Currently, 13.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,069,375 shares, the days-to-cover ratio is currently 0.1 days.
Oriental Rise Stock Performance
Shares of NASDAQ:ORIS traded down $0.02 on Tuesday, reaching $1.32. The company’s stock had a trading volume of 20,474 shares, compared to its average volume of 267,348. The company has a 50-day simple moving average of $2.09 and a 200 day simple moving average of $3.73. Oriental Rise has a 52-week low of $1.11 and a 52-week high of $45.60.
Analyst Ratings Changes
ORIS has been the topic of a number of research reports. Wall Street Zen downgraded shares of Oriental Rise to a “strong sell” rating in a report on Saturday, January 3rd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Oriental Rise in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.
About Oriental Rise
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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