Oriental Culture Holding LTD (NASDAQ:OCG) Sees Large Decrease in Short Interest

Oriental Culture Holding LTD (NASDAQ:OCG) saw a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 131,046 shares, a decrease of 48.8% from the May 14th total of 255,959 shares. Approximately 29.7% of the company’s stock are sold short. Based on an average daily volume of 148,891 shares, the short-interest ratio is currently 0.9 days.

Oriental Culture Price Performance

Shares of NASDAQ:OCG opened at $1.90 on Tuesday. Oriental Culture has a twelve month low of $1.50 and a twelve month high of $12,731.40. The stock’s 50-day simple moving average is $1.94.

Oriental Culture (NASDAQ:OCG) last issued its earnings results on Thursday, May 14th. The company reported $9.08 earnings per share for the quarter. The business had revenue of $0.87 million for the quarter.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Oriental Culture from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Oriental Culture Company Profile

Oriental Culture Holding LTD, through its subsidiaries, operates an online platform to facilitate e-commerce of artwork trading in China. The company facilitates trading by individual and institutional customers of various collectibles, artworks, and commodities on its online platforms. It also provides online and offline integrated marketing, storage, and technical maintenance services, as well as industry solutions and related software products and system development services. The company was founded in 2018 and is headquartered in Central, Hong Kong.