OneConstruction Group Limited (NASDAQ:ONEG) Short Interest Down 42.2% in May

OneConstruction Group Limited (NASDAQ:ONEG) saw a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 17,089 shares, a decline of 42.2% from the May 14th total of 29,573 shares. Based on an average trading volume of 235,607 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

OneConstruction Group Stock Performance

Shares of NASDAQ ONEG traded up $0.18 during midday trading on Monday, hitting $1.41. 749,336 shares of the company’s stock were exchanged, compared to its average volume of 1,116,710. The stock’s 50 day moving average price is $2.79 and its 200-day moving average price is $2.37. OneConstruction Group has a twelve month low of $0.72 and a twelve month high of $14.95.

Hedge Funds Weigh In On OneConstruction Group

A hedge fund recently bought a new stake in OneConstruction Group stock. XTX Topco Ltd acquired a new position in shares of OneConstruction Group Limited (NASDAQ:ONEG) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 23,794 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned 0.18% of OneConstruction Group at the end of the most recent quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Weiss Ratings restated a “sell (d)” rating on shares of OneConstruction Group in a research note on Thursday, April 2nd. Wall Street Zen upgraded OneConstruction Group to a “hold” rating in a research report on Saturday, March 28th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, OneConstruction Group has a consensus rating of “Sell”.

About OneConstruction Group

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.