Composite shells show a rich multistable behaviour of interest for the design of shapechanging (morphing) structures. Previous studies have investigated how the initial shape determines the shell stability properties. For uniform initial curvatures and orthotropic material behaviour, not more than two stable equilibria have been reported. In this paper, we prove that untwisted, uniformly curved, thin orthotropic shells can have up to three stable equilibrium configurations. Cases of tristability are first documented using a numerical stability analysis of an extensible shallow shell model. Including mid-plane extension shows that the shells must be sufficiently curved in relation to their thickness to be multistable. Thus, an inextensible model allows us to perform an analytical stability analysis. Focusing on untwisted initial configurations, we illustrate with simple analytical results how the material parameters of the shell control the dependence of its multistable behaviour on the initial curvatures. In particular, we show that when the bending stiffness matrix approaches a degeneracy condition, the shell exhibits three stable equilibria for a wide range of initial curvatures.