Oriental Rise Holdings Limited (NASDAQ:ORIS) Sees Significant Growth in Short Interest

Oriental Rise Holdings Limited (NASDAQ:ORIS) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 320,955 shares, an increase of 441.2% from the February 26th total of 59,308 shares. Approximately 29.2% of the company’s stock are sold short. Based on an average daily trading volume, of 135,672 shares, the days-to-cover ratio is currently 2.4 days. Based on an average daily trading volume, of 135,672 shares, the days-to-cover ratio is currently 2.4 days. Approximately 29.2% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

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

Oriental Rise Price Performance

Oriental Rise stock traded up $0.12 during midday trading on Tuesday, hitting $0.76. The company’s stock had a trading volume of 678,976 shares, compared to its average volume of 1,570,439. Oriental Rise has a 1-year low of $0.28 and a 1-year high of $26.60. The company has a 50-day moving average price of $1.10 and a two-hundred day moving average price of $2.11.

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.