Oriental Rise Holdings Limited (NASDAQ:ORIS – Get Free Report) saw a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 83,832 shares, a decrease of 43.9% from the December 31st total of 149,449 shares. Currently, 7.6% of the company’s shares are short sold. Based on an average trading volume of 926,987 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 926,987 shares, the days-to-cover ratio is presently 0.1 days. Currently, 7.6% of the company’s shares are short sold.
Wall Street Analysts Forecast Growth
ORIS has been the topic of several recent analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Oriental Rise in a report on Monday, December 29th. Wall Street Zen lowered 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, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.
Read Our Latest Analysis on ORIS
Oriental Rise Stock Down 2.4%
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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