Orient Overseas (International) Limited (OTCMKTS:OROVF) Sees Large Decline in Short Interest

Orient Overseas (International) Limited (OTCMKTS:OROVF) saw a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 162,800 shares, a decline of 34.5% from the October 31st total of 248,500 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 1,628.0 days.

Orient Overseas (International) Price Performance

OROVF stock remained flat at $13.96 during midday trading on Thursday. 500 shares of the company’s stock were exchanged, compared to its average volume of 325. Orient Overseas has a 1 year low of $13.70 and a 1 year high of $14.40. The stock’s fifty day simple moving average is $14.04 and its 200-day simple moving average is $15.65.

Orient Overseas (International) Company Profile

Orient Overseas (International) Limited, an investment holding company, provides container transport and logistics services in Asia, Europe, North and South America, Australia, and Africa. The company offers supply chain management services; and containerised shipping services in various trade lanes comprising Trans-Pacific, Trans-Atlantic, Asia/Europe, and Intra-Asia/Australasia trades.