OFA Group (NASDAQ:OFAL) Stock Short Interest Climbs 68.8%

OFA Group (NASDAQ:OFAL) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 244,481 shares, a growth of 68.8% from the August 31st total of 144,827 shares. Approximately 12.0% of the shares of the stock are sold short. Based on an average daily volume of 10,744,478 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

A number of brokerages recently issued reports on OFAL. Weiss Ratings restated a “sell (e+)” rating on shares of OFA Group in a report on Wednesday, July 29th. Wall Street Zen upgraded OFA Group to a “sell” rating in a report on Saturday, September 12th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

OFA Group Stock Down 6.4%

NASDAQ:OFAL traded down $0.03 on Thursday, hitting $0.46. 211,837 shares of the company’s stock traded hands, compared to its average volume of 2,383,578. The company has a market cap of $10.97 million, a PE ratio of -0.64 and a beta of 1.11. OFA Group has a 1 year low of $0.45 and a 1 year high of $12.90. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.05. The firm has a 50-day moving average price of $0.81 and a 200-day moving average price of $2.86.

OFA Group (NASDAQ:OFAL) last posted its quarterly earnings results on Saturday, August 15th. The company reported ($0.72) earnings per share (EPS) for the quarter. The firm had revenue of $0.01 million for the quarter.

About OFA Group

Through our wholly owned operating subsidiary, Office for Fine Architecture Limited, we provide comprehensive architectural services, including design and fit out services for commercial and residential buildings. The design service includes both the consultation with our staff and the actual design work and the Company provides a specific conceptualized design with layout plans, detailed design drawings, advice relating to, among other things, budgetary consideration, optimal use of space, the materials, fittings, furniture, appliances and other items to be used with an aim to produce a preliminary design plan and quotation for clients’ considerations.