Onfolio Holdings Inc. (NASDAQ:ONFO) Sees Large Decrease in Short Interest

Onfolio Holdings Inc. (NASDAQ:ONFO) was the recipient of a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 186,032 shares, a decrease of 79.4% from the April 30th total of 901,491 shares. Approximately 2.8% of the company’s stock are short sold. Based on an average daily trading volume, of 213,399 shares, the days-to-cover ratio is presently 0.9 days.

Analysts Set New Price Targets

Separately, Weiss Ratings cut shares of Onfolio from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 13th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Onfolio Stock Down 1.2%

Onfolio stock traded down $0.01 during mid-day trading on Friday, hitting $0.67. The company had a trading volume of 45,472 shares, compared to its average volume of 3,069,874. Onfolio has a 12 month low of $0.46 and a 12 month high of $2.48. The company has a market capitalization of $4.44 million, a PE ratio of -0.78 and a beta of 3.67. The stock’s 50 day moving average price is $0.90 and its two-hundred day moving average price is $0.77. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.16.

Onfolio (NASDAQ:ONFO) last posted its quarterly earnings results on Friday, May 15th. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.21). The business had revenue of $1.87 million during the quarter, compared to analysts’ expectations of $1.68 million. Onfolio had a negative return on equity of 80.51% and a negative net margin of 44.11%.

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.