OneConstruction Group Limited (NASDAQ:ONEG) Short Interest Down 56.7% in March

OneConstruction Group Limited (NASDAQ:ONEG) was the recipient of a significant drop in short interest in March. As of March 31st, there was short interest totaling 61,142 shares, a drop of 56.7% from the March 15th total of 141,291 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily volume of 634,571 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

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

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on ONEG shares. Wall Street Zen upgraded OneConstruction Group to a “hold” rating in a research report on Saturday, March 28th. Weiss Ratings reiterated a “sell (d)” rating on shares of OneConstruction Group in a research report on Thursday, April 2nd. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

OneConstruction Group Trading Up 0.3%

ONEG traded up $0.01 on Tuesday, hitting $3.72. The company had a trading volume of 2,228,479 shares, compared to its average volume of 576,579. OneConstruction Group has a 12-month low of $0.96 and a 12-month high of $13.50. The business’s fifty day simple moving average is $2.43 and its 200 day simple moving average is $4.35.

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.