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

OneConstruction Group Limited (NASDAQ:ONEG) was the target of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 29,573 shares, a decrease of 95.1% from the April 30th total of 600,470 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 2,740,513 shares, the short-interest ratio is currently 0.0 days.

Institutional Investors Weigh In On OneConstruction Group

An institutional investor recently bought a new position in OneConstruction Group stock. XTX Topco Ltd purchased a new position in shares of OneConstruction Group Limited (NASDAQ:ONEG) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 23,794 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned approximately 0.18% of OneConstruction Group as of its most recent filing with the SEC.

Wall Street Analysts Forecast Growth

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

OneConstruction Group Trading Up 4.5%

Shares of ONEG traded up $0.04 during trading hours on Friday, hitting $0.93. 236,664 shares of the stock were exchanged, compared to its average volume of 815,041. The business has a 50-day moving average of $3.04 and a 200-day moving average of $2.67. OneConstruction Group has a fifty-two week low of $0.72 and a fifty-two week high of $14.95.

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.