Onfolio Holdings Inc. (NASDAQ:ONFO) Stock Short Interest Rises 141.4%

Onfolio Holdings Inc. (NASDAQ:ONFO – Get Free Report) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 372,763 shares, a growth of 141.4% from the September 15th total of 154,405 shares. Approximately 20.6% of the company’s shares are sold short. Based on an average daily trading volume, of 903,774 shares, the short-interest ratio is presently 0.4 days.

Onfolio Trading Down 9.6%

Shares of NASDAQ:ONFO traded down $0.06 on Wednesday, hitting $0.55. The company had a trading volume of 52,535 shares, compared to its average volume of 771,569. The firm’s 50-day simple moving average is $1.35 and its two-hundred day simple moving average is $19.62. The firm has a market capitalization of $1.35 million, a price-to-earnings ratio of -0.01 and a beta of 3.41. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.16. Onfolio has a 1 year low of $0.50 and a 1 year high of $123.92.

Get Onfolio alerts:

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

Analysts Set New Price Targets

A number of research firms have issued reports on ONFO. Weiss Ratings cut shares of Onfolio from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, September 14th. Wall Street Zen lowered shares of Onfolio to a “strong sell” rating in a report on Saturday, August 15th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company has a consensus rating of “Sell”.

View Our Latest Report on ONFO

About Onfolio

(Get Free Report)

Onfolio Holdings Inc (NASDAQ: ONFO) is a holding company that acquires, operates and grows online businesses. Its portfolio has included digital businesses in areas such as e-commerce, content publishing, subscription services and software, with an emphasis on companies that have established revenue streams and opportunities for operational improvement.

Following an acquisition, Onfolio provides centralized management and support in areas such as digital marketing, search engine optimization, content development, technology, finance and business operations.

See Also

• Five stocks we like better than Onfolio
• Tesla Wants to Make Its Own Chips—What Could Go Wrong?
• IREN Limited’s AI Pivot Gains Traction—But Can Its Data Centers Deliver?
• PBF Energy’s Stunning Rally Faces a Critical Test
• Citi Stock Falls Despite Earnings Beat: What Investors Need to Know

Receive News & Ratings for Onfolio Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Onfolio and related companies with MarketBeat.com's FREE daily email newsletter.