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

Onfolio Holdings Inc. (NASDAQ:ONFO) was the target of a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 195,848 shares, a decline of 44.5% from the November 30th total of 353,194 shares. Approximately 5.7% of the company’s stock are short sold. Based on an average daily trading volume, of 50,331 shares, the short-interest ratio is presently 3.9 days. Based on an average daily trading volume, of 50,331 shares, the short-interest ratio is presently 3.9 days. Approximately 5.7% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Onfolio in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Onfolio Stock Performance

Shares of ONFO stock traded up $0.02 on Friday, hitting $0.64. 22,190 shares of the stock traded hands, compared to its average volume of 55,057. The company’s fifty day moving average is $0.90 and its 200 day moving average is $1.02. Onfolio has a 1-year low of $0.60 and a 1-year high of $1.95. The company has a market capitalization of $3.27 million, a PE ratio of -1.39 and a beta of 2.72. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.49 and a quick ratio of 0.48.

Onfolio (NASDAQ:ONFO) last released its earnings results on Friday, November 14th. The company reported ($0.16) earnings per share for the quarter. Onfolio had a negative net margin of 17.18% and a negative return on equity of 43.97%. The business had revenue of $2.74 million for the quarter.

Onfolio Company Profile

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.