Oriental Culture Holding LTD (NASDAQ:OCG) Sees Large Decrease in Short Interest

Oriental Culture Holding LTD (NASDAQ:OCG) was the target of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 131,046 shares, a drop of 48.8% from the May 14th total of 255,959 shares. Based on an average daily trading volume, of 148,891 shares, the short-interest ratio is currently 0.9 days. Approximately 29.7% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Oriental Culture from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Oriental Culture currently has an average rating of “Sell”.

Oriental Culture Stock Down 10.0%

NASDAQ:OCG traded down $0.21 during mid-day trading on Monday, hitting $1.90. The company’s stock had a trading volume of 219,257 shares, compared to its average volume of 728,277. Oriental Culture has a fifty-two week low of $1.50 and a fifty-two week high of $12,731.40. The company has a fifty day simple moving average of $1.94.

Oriental Culture (NASDAQ:OCG) last posted its quarterly earnings results on Thursday, May 14th. The company reported $9.08 earnings per share (EPS) for the quarter. The business had revenue of $0.87 million during the quarter.

About Oriental Culture

Oriental Culture Holding LTD, through its subsidiaries, operates an online platform to facilitate e-commerce of artwork trading in China. The company facilitates trading by individual and institutional customers of various collectibles, artworks, and commodities on its online platforms. It also provides online and offline integrated marketing, storage, and technical maintenance services, as well as industry solutions and related software products and system development services. The company was founded in 2018 and is headquartered in Central, Hong Kong.