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

Oriental Rise Holdings Limited (NASDAQ:ORIS) was the recipient of a significant decline in short interest during the month of January. As of January 15th, there was short interest totaling 83,832 shares, a decline of 43.9% from the December 31st total of 149,449 shares. Based on an average trading volume of 926,987 shares, the short-interest ratio is currently 0.1 days. Currently, 7.6% of the shares of the stock are short sold. Currently, 7.6% of the shares of the stock are short sold. Based on an average trading volume of 926,987 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

A number of brokerages recently issued reports on ORIS. Weiss Ratings reiterated a “sell (d)” rating on shares of Oriental Rise in a report on Monday, December 29th. Wall Street Zen cut shares of Oriental Rise to a “strong sell” rating in a research report on Saturday, January 3rd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Oriental Rise presently has a consensus rating of “Sell”.

Oriental Rise Stock Down 2.4%

Shares of NASDAQ ORIS traded down $0.03 during midday trading on Friday, reaching $1.22. The stock had a trading volume of 75,514 shares, compared to its average volume of 550,085. The company’s 50 day moving average price is $1.77 and its 200 day moving average price is $2.73. Oriental Rise has a twelve month low of $1.11 and a twelve month high of $45.60.

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.