Orient Overseas International Ltd. (OTCMKTS:OROVY) Stock Short Interest Declines 48.4%

Orient Overseas International Ltd. (OTCMKTS:OROVY) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 33 shares, a drop of 48.4% from the September 30th total of 64 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 49 shares, the short-interest ratio is presently 0.7 days.

Orient Overseas International Price Performance

Shares of OROVY stock remained flat at $97.80 on Friday. The stock had a trading volume of 3 shares, compared to its average volume of 16. Orient Overseas International has a fifty-two week low of $76.25 and a fifty-two week high of $110.10. The company’s fifty day simple moving average is $99.41 and its 200-day simple moving average is $91.11.

Orient Overseas International Company Profile

Orient Overseas International Limited (OOIL) is a Hong Kong-based transportation and logistics company focused primarily on international container shipping. Through its principal subsidiary, Orient Overseas Container Line (OOCL), the company provides ocean transportation services for containerized cargo, including manufactured goods, consumer products, raw materials and other commercial shipments.

OOCL operates services connecting major markets across Asia, North America, Europe, the Mediterranean, the Middle East, Australia and New Zealand, Africa and Latin America.