OFA Group (NASDAQ:OFAL) Short Interest Down 28.3% in February

OFA Group (NASDAQ:OFAL) was the target of a large drop in short interest in February. As of February 27th, there was short interest totaling 132,779 shares, a drop of 28.3% from the February 12th total of 185,261 shares. Currently, 0.9% of the company’s stock are short sold. Based on an average daily volume of 280,294 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily volume of 280,294 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.9% of the company’s stock are short sold.

OFA Group Stock Down 3.2%

Shares of OFAL traded down $0.01 during mid-day trading on Friday, hitting $0.39. 19,385 shares of the company traded hands, compared to its average volume of 159,690. The stock has a 50-day moving average price of $0.46 and a two-hundred day moving average price of $0.80. OFA Group has a 1 year low of $0.26 and a 1 year high of $9.79.

OFA Group (NASDAQ:OFAL) last posted its earnings results on Thursday, February 26th. The company reported ($0.14) EPS for the quarter. The business had revenue of $0.32 million for the quarter.

Hedge Funds Weigh In On OFA Group

An institutional investor recently bought a new position in OFA Group stock. Virtu Financial LLC purchased a new position in OFA Group (NASDAQ:OFAL) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of OFA Group in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

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.