Onfolio Holdings Inc. (NASDAQ:ONFO) Sees Significant Growth in Short Interest

Onfolio Holdings Inc. (NASDAQ:ONFO) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 154,405 shares, an increase of 84.1% from the August 31st total of 83,860 shares. Currently, 8.5% of the company’s shares are sold short. Based on an average trading volume of 167,908 shares, the days-to-cover ratio is currently 0.9 days.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Wall Street Zen cut shares of Onfolio to a “strong sell” rating in a research report on Saturday, August 15th. Weiss Ratings cut Onfolio from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, September 14th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Onfolio Trading Down 9.4%

NASDAQ:ONFO traded down $0.09 during trading hours on Thursday, hitting $0.89. The company had a trading volume of 154,033 shares, compared to its average volume of 802,650. Onfolio has a 52 week low of $0.77 and a 52 week high of $123.92. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.09 and a quick ratio of 0.09. The stock has a 50-day moving average price of $2.03 and a 200 day moving average price of $21.69. The company has a market capitalization of $2.17 million, a PE ratio of -0.01 and a beta of 3.32.

Onfolio (NASDAQ:ONFO) last released its quarterly earnings results on Wednesday, August 19th. The company reported ($35.57) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($35.46). Onfolio had a negative return on equity of 210.67% and a negative net margin of 101.86%.The company had revenue of $1.50 million during the quarter, compared to the consensus estimate of $1.68 million.

Onfolio Company Profile

Onfolio Holdings Inc is an internet holding company that acquires and operates small, profitable online businesses. The company focuses on businesses with established digital operations and recurring or diversified revenue streams, seeking to support their growth through centralized management and operational expertise.

Its portfolio and business activities have included content-focused websites, e-commerce operations, subscription businesses and other digital properties. Onfolio provides services such as search engine optimization, content development, digital marketing, customer support and general business management to help improve the performance of the companies it owns.

Because its businesses operate primarily online, Onfolio serves customers across multiple geographic markets rather than focusing on a single physical region.