OneConstruction Group Limited (NASDAQ:ONEG) Sees Large Decline in Short Interest

OneConstruction Group Limited (NASDAQ:ONEG) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totaling 33,298 shares, a drop of 87.0% from the June 15th total of 255,856 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average trading volume of 345,956 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On OneConstruction Group

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

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Weiss Ratings reissued a “sell (d)” rating on shares of OneConstruction Group in a research note on Tuesday, June 30th. Wall Street Zen raised OneConstruction Group to a “hold” rating in a research report on Saturday, March 28th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, OneConstruction Group presently has an average rating of “Sell”.

OneConstruction Group Trading Down 1.7%

Shares of NASDAQ:ONEG traded down $0.02 during trading hours on Friday, reaching $1.14. The stock had a trading volume of 39,961 shares, compared to its average volume of 693,955. OneConstruction Group has a 1 year low of $0.72 and a 1 year high of $14.95. The firm’s 50 day moving average is $1.61 and its 200-day moving average is $2.38.

OneConstruction Group Company Profile

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.