OneConstruction Group Limited (NASDAQ:ONEG) Short Interest Update

OneConstruction Group Limited (NASDAQ:ONEG) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 255,856 shares, an increase of 1,397.2% from the May 31st total of 17,089 shares. Currently, 2.0% of the shares of the stock are sold short. Based on an average trading volume of 1,892,447 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ONEG. Weiss Ratings restated a “sell (d)” rating on shares of OneConstruction Group in a research report on Thursday, April 2nd. Wall Street Zen upgraded shares of OneConstruction Group to a “hold” rating in a research report on Saturday, March 28th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, OneConstruction Group currently has an average rating of “Sell”.

OneConstruction Group Stock Down 26.1%

ONEG traded down $0.40 during trading on Friday, reaching $1.13. The stock had a trading volume of 471,703 shares, compared to its average volume of 1,194,690. The business has a 50-day moving average of $2.49 and a 200-day moving average of $2.38. OneConstruction Group has a one year low of $0.72 and a one year high of $14.95.

Hedge Funds Weigh In On OneConstruction Group

A hedge fund recently bought a new position in OneConstruction Group stock. XTX Topco Ltd bought a new position in OneConstruction Group Limited (NASDAQ:ONEG) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 23,794 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned approximately 0.18% of OneConstruction Group at the end of the most recent reporting period.

About OneConstruction Group

OneConstruction Group is a structural steelwork contractor principally in Hong Kong. The Company, through its subsidiaries, specializes in the procurement and installation of structural steel for a diverse range of construction projects, serving both public and private sector clients. OneConstruction Group is based in NEW YORK.