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

OneConstruction Group Limited (NASDAQ:ONEG) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 17,463 shares, a drop of 47.6% from the June 30th total of 33,298 shares. Based on an average daily trading volume, of 78,701 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Hedge Funds Weigh In On OneConstruction Group

An institutional investor recently bought a new position in OneConstruction Group stock. XTX Topco Ltd acquired a new stake 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 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.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of OneConstruction Group from a “sell (d)” rating to a “sell (e+)” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, OneConstruction Group presently has an average rating of “Sell”.

OneConstruction Group Stock Up 1.0%

NASDAQ ONEG traded up $0.01 on Friday, hitting $1.04. 15,453 shares of the company’s stock were exchanged, compared to its average volume of 750,849. The firm’s 50-day moving average price is $1.16 and its two-hundred day moving average price is $2.34. OneConstruction Group has a fifty-two week low of $0.72 and a fifty-two week high of $14.95. The company has a debt-to-equity ratio of 78.83, a quick ratio of 2.54 and a current ratio of 2.54.

OneConstruction Group (NASDAQ:ONEG) last posted its quarterly earnings results on Thursday, July 23rd. The company reported ($0.42) EPS for the quarter. The firm had revenue of $10.80 million during the quarter.

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.