Onfolio Holdings Inc. (NASDAQ:ONFO) Shares Shorted: Short Interest Down 42.2% in October

Onfolio Holdings Inc. (NASDAQ:ONFO) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 215,457 shares, a decline of 42.2% from the September 30th total of 372,763 shares. Based on an average daily trading volume, of 117,297 shares, the days-to-cover ratio is currently 1.8 days. Currently, 8.8% of the shares of the company are short sold.

Onfolio Stock Performance

ONFO stock traded down $0.01 during trading on Tuesday, reaching $0.46. The stock had a trading volume of 4,410 shares, compared to its average volume of 723,428. Onfolio has a 52 week low of $0.42 and a 52 week high of $123.92. The stock’s 50 day moving average is $0.85 and its two-hundred day moving average is $20.80. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.16. The firm has a market cap of $1.15 million, a PE ratio of -0.01 and a beta of 3.41.

Onfolio (NASDAQ:ONFO) last announced its earnings results on Wednesday, August 19th. The company reported ($35.57) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $1.50 million during the quarter, compared to analysts’ expectations of $1.68 million.

Wall Street Analysts Forecast Growth

ONFO has been the topic of a number of recent analyst reports. Weiss Ratings downgraded shares of Onfolio from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, September 14th. Wall Street Zen cut shares of Onfolio to a “strong sell” rating in a report on Saturday, August 15th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company presently has an average rating of “Sell”.

About Onfolio

Onfolio Holdings, Inc is an online-business holding company that acquires, operates and develops digital businesses. The company focuses on established internet-based companies with potential for continued growth, rather than building a single consumer brand or product line.

Its portfolio may include e-commerce businesses, content and affiliate websites, software-as-a-service companies, and other online ventures that generate revenue through digital sales, subscriptions, advertising, lead generation or related services.