Onfolio Holdings Inc. (NASDAQ:ONFO) Sees Significant Growth in Short Interest

Onfolio Holdings Inc. (NASDAQ:ONFO) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 901,491 shares, an increase of 1,932.3% from the April 15th total of 44,359 shares. Based on an average daily trading volume, of 26,324,043 shares, the short-interest ratio is currently 0.0 days. Approximately 15.5% of the company’s stock are sold short.

Onfolio Stock Up 0.9%

Shares of ONFO stock traded up $0.01 on Monday, hitting $1.15. The stock had a trading volume of 202,875 shares, compared to its average volume of 14,887,146. The business has a 50 day moving average of $0.84 and a 200 day moving average of $0.80. The stock has a market cap of $6.74 million, a price-to-earnings ratio of -1.95 and a beta of 3.67. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.44 and a quick ratio of 0.43. Onfolio has a 12-month low of $0.46 and a 12-month high of $2.48.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Onfolio from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, April 24th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

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.