OFA Group (NASDAQ:OFAL) Sees Large Decline in Short Interest

OFA Group (NASDAQ:OFAL) was the target of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 26,205 shares, a decline of 79.0% from the July 15th total of 124,842 shares. Currently, 1.3% of the shares of the company are short sold. Based on an average daily volume of 140,619 shares, the short-interest ratio is currently 0.2 days.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of OFA Group in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, OFA Group has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in OFA Group stock. Virtu Financial LLC bought a new position in shares of OFA Group (NASDAQ:OFAL) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 37,733 shares of the company’s stock, valued at approximately $47,000. Virtu Financial LLC owned approximately 0.27% of OFA Group as of its most recent SEC filing.

OFA Group Trading Down 33.1%

Shares of OFAL stock opened at $1.09 on Friday. OFA Group has a 1 year low of $0.58 and a 1 year high of $17.50. The firm’s fifty day simple moving average is $1.57 and its 200 day simple moving average is $3.77. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.04.

OFA Group (NASDAQ:OFAL) last released its earnings results on Friday, August 14th. The company reported ($0.72) EPS for the quarter. The company had revenue of $14.88 million for the quarter.

About OFA Group

Through our wholly owned operating subsidiary, Office for Fine Architecture Limited, we provide comprehensive architectural services, including design and fit out services for commercial and residential buildings. The design service includes both the consultation with our staff and the actual design work and the Company provides a specific conceptualized design with layout plans, detailed design drawings, advice relating to, among other things, budgetary consideration, optimal use of space, the materials, fittings, furniture, appliances and other items to be used with an aim to produce a preliminary design plan and quotation for clients’ considerations.