OneConstruction Group Limited (NASDAQ:ONEG) Sees Large Decrease in Short Interest

OneConstruction Group Limited (NASDAQ:ONEG) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 18,591 shares, a drop of 55.6% from the December 31st total of 41,897 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 256,056 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 256,056 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

OneConstruction Group Stock Performance

Shares of ONEG stock traded up $0.46 during trading hours on Thursday, reaching $5.30. 170,723 shares of the company’s stock were exchanged, compared to its average volume of 298,706. The company’s 50 day moving average is $1.68 and its two-hundred day moving average is $6.97. OneConstruction Group has a 1 year low of $1.00 and a 1 year high of $13.50.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of OneConstruction Group in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

OneConstruction Group Company Profile

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.