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

Onfolio Holdings Inc. (NASDAQ:ONFO) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 134,463 shares, an increase of 118.7% from the July 15th total of 61,484 shares. Approximately 2.6% of the shares of the company are sold short. Based on an average daily trading volume, of 49,971,869 shares, the short-interest ratio is currently 0.0 days.

Onfolio Price Performance

Shares of NASDAQ ONFO traded up $0.28 during midday trading on Friday, hitting $2.59. The company had a trading volume of 84,425,217 shares, compared to its average volume of 1,820,731. The firm has a market capitalization of $362,600.00, a price-to-earnings ratio of -0.06 and a beta of 3.57. Onfolio has a twelve month low of $2.06 and a twelve month high of $123.92. The business has a 50-day simple moving average of $10.33 and a two-hundred day simple moving average of $27.90. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.16.

Onfolio (NASDAQ:ONFO) last issued its earnings results on Friday, May 15th. The company reported ($16.00) earnings per share for the quarter, missing the consensus estimate of ($5.50) by ($10.50). Onfolio had a negative return on equity of 80.51% and a negative net margin of 44.11%.The company had revenue of $1.87 million for the quarter, compared to analyst estimates of $1.68 million.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Wall Street Zen downgraded Onfolio to a “strong sell” rating in a research note on Saturday. Weiss Ratings upgraded Onfolio from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, May 28th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

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.