Orient Overseas International Ltd. (OTCMKTS:OROVY) Sees Significant Drop in Short Interest

Orient Overseas International Ltd. (OTCMKTS:OROVY) was the target of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 50 shares, a decline of 96.7% from the February 26th total of 1,524 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 414 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 414 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Orient Overseas International Stock Performance

OTCMKTS OROVY remained flat at $91.00 during trading hours on Tuesday. 60 shares of the company were exchanged, compared to its average volume of 116. Orient Overseas International has a 12-month low of $60.77 and a 12-month high of $98.70. The business’s fifty day moving average price is $87.55 and its 200-day moving average price is $84.19.

About Orient Overseas International

Orient Overseas International Ltd is a Hong Kong–based investment holding company with core interests in maritime transport and related logistics services. Through its principal operating subsidiary, Orient Overseas Container Line (OOCL), the group specializes in international container shipping, offering scheduled services across major east–west and north–south trade routes. The company’s operations encompass vessel chartering, container manufacturing, terminal management and intermodal transport solutions.

Founded from roots dating back to the mid-20th century maritime expansion in Asia, Orient Overseas International has grown into a global operator serving ports in Asia, Europe, North America, Latin America, the Middle East and Australasia.