Onfolio Holdings Inc. (NASDAQ:ONFO – Get Free Report) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 215,457 shares, a drop of 42.2% from the September 30th total of 372,763 shares. Based on an average daily volume of 117,297 shares, the days-to-cover ratio is currently 1.8 days. Approximately 8.8% of the shares of the stock are sold short.
Onfolio Trading Down 5.6%
ONFO traded down $0.03 during trading hours on Friday, reaching $0.47. The company’s stock had a trading volume of 81,422 shares, compared to its average volume of 71,898. The stock has a market cap of $1.17 million, a PE ratio of -0.01 and a beta of 3.41. Onfolio has a fifty-two week low of $0.42 and a fifty-two week high of $123.92. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.09 and a quick ratio of 0.09. The business’s 50-day moving average is $0.87 and its 200-day moving average is $20.99.
Onfolio (NASDAQ:ONFO – Get Free Report) last announced its quarterly earnings results on Wednesday, August 19th. The company reported ($35.57) EPS for the quarter, missing the consensus estimate of ($0.11) by ($35.46). The business had revenue of $1.50 million during the quarter, compared to analyst estimates of $1.68 million. Onfolio had a negative net margin of 101.86% and a negative return on equity of 210.67%.
Wall Street Analyst Weigh In
A number of analysts have issued reports on ONFO shares. Wall Street Zen downgraded Onfolio to a “strong sell” rating in a research note on Saturday, August 15th. Weiss Ratings cut shares of Onfolio from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, September 14th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, Onfolio presently has a consensus rating of “Sell”.
Get Our Latest Analysis on Onfolio
About Onfolio
Onfolio Holdings, Inc is an online-business holding company that acquires, operates and develops digital businesses. The company focuses on established internet-based companies with potential for continued growth, rather than building a single consumer brand or product line.
Its portfolio may include e-commerce businesses, content and affiliate websites, software-as-a-service companies, and other online ventures that generate revenue through digital sales, subscriptions, advertising, lead generation or related services.
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