OFA Group (NASDAQ:OFAL) Short Interest Update

OFA Group (NASDAQ:OFAL) was the target of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 667,574 shares, an increase of 2,447.5% from the July 30th total of 26,205 shares. Based on an average trading volume of 20,220,990 shares, the short-interest ratio is currently 0.0 days. Currently, 32.7% of the shares of the company are short sold.

OFA Group Stock Down 10.8%

Shares of OFAL opened at $0.94 on Thursday. The stock has a fifty day moving average of $1.34 and a 200-day moving average of $3.58. OFA Group has a 52 week low of $0.58 and a 52 week high of $17.50. The stock has a market capitalization of $4.35 million, a price-to-earnings ratio of -1.30 and a beta of 1.17. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.40 and a current ratio of 0.40.

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

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of OFA Group in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, OFA Group currently has a consensus rating of “Sell”.

Institutional Trading of OFA Group

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

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.