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

Orient Overseas (International) Limited (OTCMKTS:OROVF) was the recipient of a large decline in short interest in November. As of November 30th, there was short interest totalling 124,000 shares, a decline of 23.8% from the November 15th total of 162,800 shares. Based on an average trading volume of 200 shares, the days-to-cover ratio is currently 620.0 days.

Orient Overseas (International) Price Performance

OROVF remained flat at $12.45 during trading on Friday. The stock’s fifty day simple moving average is $13.73 and its 200-day simple moving average is $15.29. Orient Overseas has a 52 week low of $12.45 and a 52 week high of $14.40.

About Orient Overseas (International)

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.