Oriental Rise Holdings Limited (NASDAQ:ORIS – Get Free Report) was the recipient of a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 59,308 shares, a drop of 36.5% from the February 12th total of 93,374 shares. Based on an average trading volume of 120,471 shares, the short-interest ratio is currently 0.5 days. Approximately 5.4% of the shares of the stock are short sold. Approximately 5.4% of the shares of the stock are short sold. Based on an average trading volume of 120,471 shares, the short-interest ratio is currently 0.5 days.
Oriental Rise Stock Performance
Shares of NASDAQ:ORIS traded down $0.04 during trading on Friday, reaching $0.66. The stock had a trading volume of 109,810 shares, compared to its average volume of 124,010. Oriental Rise has a 1-year low of $0.55 and a 1-year high of $26.60. The business has a fifty day moving average price of $1.20 and a 200-day moving average price of $2.20.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on ORIS. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Oriental Rise in a report on Monday, December 29th. Wall Street Zen cut 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 MarketBeat, the company presently has a consensus 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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