Short Interest in Onfolio Holdings, Inc. (NASDAQ:ONFO) Decreases By 19.9%

Onfolio Holdings, Inc. (NASDAQ:ONFO) was the target of a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 75,700 shares, a drop of 19.9% from the October 15th total of 94,500 shares. Based on an average trading volume of 28,300 shares, the short-interest ratio is currently 2.7 days. Approximately 2.4% of the company’s shares are short sold.

Onfolio Price Performance

ONFO stock opened at $1.12 on Friday. The company has a current ratio of 0.27, a quick ratio of 0.25 and a debt-to-equity ratio of 0.19. The firm’s 50-day moving average price is $1.08 and its two-hundred day moving average price is $1.00. The stock has a market capitalization of $5.75 million and a price-to-earnings ratio of -0.78. Onfolio has a 12-month low of $0.39 and a 12-month high of $1.80.

Onfolio (NASDAQ:ONFO) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.17) EPS for the quarter. The business had revenue of $1.73 million for the quarter. Onfolio had a negative net margin of 118.43% and a negative return on equity of 59.94%.

About Onfolio

Onfolio Holdings, Inc acquires and develops internet businesses. It provides website management, digital, advertising, and content placement services on its websites; and product sales on various sites. The company was founded in 2019 and is based in Wilmington, Delaware.