Short Interest in Oriental Rise Holdings Limited (NASDAQ:ORIS) Drops By 90.5%

Oriental Rise Holdings Limited (NASDAQ:ORIS) was the target of a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 149,449 shares, a decline of 90.5% from the December 15th total of 1,581,141 shares. Approximately 13.6% of the company’s shares are sold short. Based on an average daily volume of 1,069,375 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 1,069,375 shares, the short-interest ratio is currently 0.1 days. Approximately 13.6% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

ORIS has been the subject of several analyst reports. Wall Street Zen lowered shares of Oriental Rise to a “strong sell” rating in a research report on Saturday, January 3rd. Weiss Ratings reissued a “sell (d)” rating on shares of Oriental Rise in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Oriental Rise has a consensus rating of “Sell”.

Oriental Rise Stock Performance

Shares of NASDAQ:ORIS traded up $0.07 during midday trading on Monday, hitting $1.34. 316,666 shares of the stock traded hands, compared to its average volume of 690,199. The business’s 50 day moving average is $2.09 and its two-hundred day moving average is $3.73. Oriental Rise has a one year low of $1.11 and a one year 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.