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

Oriental Rise Holdings Limited (NASDAQ:ORIS) was the recipient of a large growth in short interest in March. As of March 13th, there was short interest totaling 320,955 shares, a growth of 441.2% from the February 26th total of 59,308 shares. Currently, 29.2% of the shares of the stock are short sold. Based on an average trading volume of 135,672 shares, the days-to-cover ratio is presently 2.4 days. Based on an average trading volume of 135,672 shares, the days-to-cover ratio is presently 2.4 days. Currently, 29.2% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Oriental Rise in a research report on Monday, December 29th. Wall Street Zen lowered shares of Oriental Rise to a “strong sell” rating in a report on Saturday, January 3rd. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Oriental Rise Trading Up 18.9%

Shares of ORIS traded up $0.12 during trading hours on Tuesday, hitting $0.76. 678,976 shares of the stock traded hands, compared to its average volume of 1,570,439. The business has a fifty day moving average of $1.10 and a 200-day moving average of $2.11. Oriental Rise has a 1-year low of $0.28 and a 1-year high of $26.60.

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.