Onfolio Holdings Inc. (NASDAQ:ONFO) Sees Large Decline in Short Interest

Onfolio Holdings Inc. (NASDAQ:ONFO) saw a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 186,032 shares, a decline of 79.4% from the April 30th total of 901,491 shares. Based on an average daily volume of 213,399 shares, the days-to-cover ratio is currently 0.9 days. Approximately 2.8% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Onfolio from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Onfolio presently has a consensus rating of “Sell”.

Onfolio Trading Down 2.7%

ONFO stock traded down $0.02 during trading on Friday, hitting $0.66. The company had a trading volume of 58,381 shares, compared to its average volume of 207,165. The business has a 50-day moving average of $0.90 and a 200-day moving average of $0.77. Onfolio has a one year low of $0.46 and a one year high of $2.48. The stock has a market cap of $4.37 million, a PE ratio of -0.76 and a beta of 2.91. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.16.

Onfolio (NASDAQ:ONFO) last issued its quarterly earnings results on Friday, May 15th. The company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.21). The firm had revenue of $1.87 million for the quarter, compared to the consensus estimate of $1.68 million. Onfolio had a negative net margin of 44.11% and a negative return on equity of 80.51%.

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.