Oriental Rise Holdings Limited Ordinary Shares’ Lock-Up Period Will End on April 15th (NASDAQ:ORIS)

Oriental Rise Holdings Limited Ordinary Shares’ (NASDAQ:ORIS) lock-up period will expire on Tuesday, April 15th. Oriental Rise Holdings Limited Ordinary Shares had issued 1,750,000 shares in its initial public offering on October 17th. The total size of the offering was $7,000,000 based on an initial share price of $4.00. After the end of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Oriental Rise Holdings Limited Ordinary Shares Price Performance

Shares of NASDAQ:ORIS opened at $0.96 on Friday. Oriental Rise Holdings Limited Ordinary Shares has a 12-month low of $0.90 and a 12-month high of $56.01. The stock’s 50 day moving average price is $1.14.

Institutional Trading of Oriental Rise Holdings Limited Ordinary Shares

A hedge fund recently bought a new stake in Oriental Rise Holdings Limited Ordinary Shares stock. Millennium Management LLC bought a new position in shares of Oriental Rise Holdings Limited Ordinary Shares (NASDAQ:ORIS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 17,650 shares of the company’s stock, valued at approximately $27,000. Millennium Management LLC owned approximately 0.08% of Oriental Rise Holdings Limited Ordinary Shares as of its most recent filing with the Securities & Exchange Commission.

About Oriental Rise Holdings Limited Ordinary Shares

Oriental Rise Holdings Ltd. engages in the cultivation, processing, and sale of tea leaves and tea products. Its segments include refined teas and processed teas. The company was founded by Chun Sun Wong, Wai Kwong Fong and Deming Zhou on January 25, 2019 and is headquartered in Ningde, China.