Short Interest in OFA Group (NASDAQ:OFAL) Grows By 36.7%

OFA Group (NASDAQ:OFAL) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 167,146 shares, a growth of 36.7% from the March 15th total of 122,309 shares. Based on an average daily volume of 98,635 shares, the short-interest ratio is presently 1.7 days. Currently, 1.2% of the company’s stock are sold short.

OFA Group Stock Performance

NASDAQ OFAL traded up $0.02 during trading hours on Thursday, reaching $0.50. The company’s stock had a trading volume of 66,438 shares, compared to its average volume of 357,501. The business has a 50-day simple moving average of $0.48 and a 200 day simple moving average of $0.67. OFA Group has a 52 week low of $0.26 and a 52 week high of $9.79.

OFA Group (NASDAQ:OFAL) last issued its earnings results on Thursday, February 26th. The company reported ($0.14) earnings per share (EPS) for the quarter. The business had revenue of $0.32 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e)” rating on shares of OFA Group in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, OFA Group presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On OFA Group

A hedge fund recently bought a new stake in OFA Group stock. Virtu Financial LLC bought a new position in OFA Group (NASDAQ:OFAL) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 37,733 shares of the company’s stock, valued at approximately $47,000. Virtu Financial LLC owned about 0.27% of OFA Group as of its most recent SEC filing.

About OFA Group

Through our wholly owned operating subsidiary, Office for Fine Architecture Limited, we provide comprehensive architectural services, including design and fit out services for commercial and residential buildings. The design service includes both the consultation with our staff and the actual design work and the Company provides a specific conceptualized design with layout plans, detailed design drawings, advice relating to, among other things, budgetary consideration, optimal use of space, the materials, fittings, furniture, appliances and other items to be used with an aim to produce a preliminary design plan and quotation for clients’ considerations.