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

Orient Overseas International Ltd. (OTCMKTS:OROVY) was the recipient of a significant decrease in short interest in May. As of May 15th, there was short interest totaling 49 shares, a decrease of 95.8% from the April 30th total of 1,175 shares. Based on an average daily volume of 1,785 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Orient Overseas International Stock Performance

Shares of OTCMKTS OROVY remained flat at $89.71 during mid-day trading on Thursday. 77 shares of the stock traded hands, compared to its average volume of 494. The firm’s fifty day moving average price is $90.56 and its two-hundred day moving average price is $86.67. Orient Overseas International has a 12 month low of $76.25 and a 12 month high of $98.70.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Orient Overseas International to a “hold” rating in a report on Tuesday, April 14th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

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.