Onfolio Holdings Inc. (NASDAQ:ONFO) Short Interest Down 38.6% in January

Onfolio Holdings Inc. (NASDAQ:ONFO) saw a large decrease in short interest in January. As of January 30th, there was short interest totaling 105,270 shares, a decrease of 38.6% from the January 15th total of 171,520 shares. Approximately 3.0% of the shares of the stock are sold short. Based on an average daily volume of 101,067 shares, the days-to-cover ratio is currently 1.0 days. Based on an average daily volume of 101,067 shares, the days-to-cover ratio is currently 1.0 days. Approximately 3.0% of the shares of the stock are sold short.

Insider Activity at Onfolio

In other news, CEO Dominic Benjamin James Wells bought 59,707 shares of the company’s stock in a transaction dated Tuesday, December 30th. The stock was bought at an average cost of $0.65 per share, for a total transaction of $38,809.55. Following the transaction, the chief executive officer owned 1,225,207 shares of the company’s stock, valued at $796,384.55. This represents a 5.12% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 32.40% of the company’s stock.

Onfolio Stock Up 3.8%

Onfolio stock traded up $0.02 during midday trading on Friday, reaching $0.49. The stock had a trading volume of 22,346 shares, compared to its average volume of 75,792. The company has a fifty day moving average price of $0.70 and a two-hundred day moving average price of $0.93. Onfolio has a 12 month low of $0.46 and a 12 month high of $1.95. The company has a current ratio of 0.49, a quick ratio of 0.48 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $2.49 million, a P/E ratio of -1.05 and a beta of 2.88.

Onfolio (NASDAQ:ONFO) last announced its quarterly earnings results on Friday, November 14th. The company reported ($0.16) EPS for the quarter. The business had revenue of $2.74 million for the quarter. Onfolio had a negative net margin of 17.18% and a negative return on equity of 43.97%.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Onfolio in a report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

About Onfolio

Onfolio Holdings, Inc acquires and develops internet businesses. It provides website management, digital, advertising, and content placement services on its websites; and product sales on various sites. The company was founded in 2019 and is based in Wilmington, Delaware.