OneConstruction Group Limited (NASDAQ:ONEG) Short Interest Up 469.2% in April

OneConstruction Group Limited (NASDAQ:ONEG) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 600,470 shares, a growth of 469.2% from the April 15th total of 105,495 shares. Based on an average trading volume of 1,600,027 shares, the short-interest ratio is presently 0.4 days. Currently, 4.6% of the company’s shares are short sold.

Wall Street Analyst Weigh In

ONEG has been the subject of a number of research analyst reports. Wall Street Zen raised OneConstruction Group to a “hold” rating in a research note on Saturday, March 28th. Weiss Ratings reissued a “sell (d)” rating on shares of OneConstruction Group in a research note on Thursday, April 2nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Institutional Inflows and Outflows

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) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 23,794 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned 0.18% of OneConstruction Group as of its most recent SEC filing.

OneConstruction Group Trading Up 29.4%

ONEG traded up $0.25 during trading on Thursday, hitting $1.10. 1,264,593 shares of the stock were exchanged, compared to its average volume of 875,401. The firm has a 50 day simple moving average of $3.22 and a 200 day simple moving average of $3.39. OneConstruction Group has a 1 year low of $0.72 and a 1 year high of $14.95.

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.