OFA Group (NASDAQ:OFAL) Sees Significant Drop in Short Interest

OFA Group (NASDAQ:OFAL) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 144,827 shares, a drop of 78.3% from the August 15th total of 667,574 shares. Based on an average daily trading volume, of 7,514,105 shares, the short-interest ratio is presently 0.0 days. Approximately 7.1% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On OFA Group

A hedge fund recently bought a new position in OFA Group stock. Virtu Financial LLC bought a new stake in OFA Group (NASDAQ:OFAL) during the third quarter, according to its most recent 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 about 0.27% of OFA Group as of its most recent filing with the Securities & Exchange Commission.

OFA Group Stock Performance

Shares of NASDAQ OFAL opened at $0.64 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.05. The firm’s 50-day moving average price is $1.07 and its two-hundred day moving average price is $3.25. OFA Group has a 52-week low of $0.58 and a 52-week high of $17.10. The stock has a market capitalization of $2.98 million, a P/E ratio of -0.89 and a beta of 1.11.

OFA Group (NASDAQ:OFAL) last posted its earnings results on Saturday, August 15th. The company reported ($0.72) EPS for the quarter. The firm had revenue of $0.01 million during the quarter.

OFA Group Company Profile

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.