Short Interest in Orient Overseas International Ltd. (OTCMKTS:OROVY) Increases By 47.7%

Key Points

• Short interest in Orient Overseas rose by 47.7% to 916 shares as of April 15, with a days-to-cover of 6.5 based on average daily volume of 142 shares and shorted shares comprising about 0.0% of the float.
• Shares opened at $90.84, trading near the 50‑day moving average ($91.34) within a 12‑month range of $66.62–$98.70, and Zacks recently upgraded the stock to a Hold, leaving the consensus rating at Hold.

Orient Overseas International Ltd. (OTCMKTS:OROVY - Get Free Report) saw a significant increase in short interest in April. As of April 15th, there was short interest totaling 916 shares, an increase of 47.7% from the March 31st total of 620 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 142 shares, the days-to-cover ratio is currently 6.5 days.

Orient Overseas International Price Performance

Shares of OROVY opened at $90.84 on Tuesday. Orient Overseas International has a 12 month low of $66.62 and a 12 month high of $98.70. The stock's 50 day moving average is $91.34 and its two-hundred day moving average is $85.62.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Orient Overseas International to a "hold" rating in a research report on Tuesday, April 14th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Orient Overseas International currently has an average rating of "Hold".

Orient Overseas International Company Profile

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.

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