Orient Overseas International Ltd. (OTCMKTS:OROVY) Sees Significant Drop in Short Interest

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

Orient Overseas International Stock Performance

Shares of OTCMKTS:OROVY remained flat at $97.80 during midday trading on Friday. The stock had a trading volume of 3 shares, compared to its average volume of 16. Orient Overseas International has a 52 week low of $76.25 and a 52 week high of $110.10. The business’s 50 day simple moving average is $99.41 and its 200-day simple moving average is $91.11.

About Orient Overseas International

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.