OneConstruction Group Limited (NASDAQ:ONEG) Short Interest Update

OneConstruction Group Limited (NASDAQ:ONEG) saw a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 17,463 shares, a drop of 47.6% from the June 30th total of 33,298 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 78,701 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On OneConstruction Group

A hedge fund recently bought a new position in OneConstruction Group stock. XTX Topco Ltd acquired a new position in shares of OneConstruction Group Limited (NASDAQ:ONEG) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 23,794 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned approximately 0.18% of OneConstruction Group at the end of the most recent reporting period.

OneConstruction Group Stock Up 1.9%

Shares of OneConstruction Group stock traded up $0.02 on Wednesday, reaching $1.05. 20,073 shares of the stock were exchanged, compared to its average volume of 760,906. The firm’s 50 day moving average is $1.15 and its 200-day moving average is $2.36. The company has a debt-to-equity ratio of 78.83, a quick ratio of 2.54 and a current ratio of 2.54. OneConstruction Group has a one year low of $0.72 and a one year high of $14.95.

OneConstruction Group (NASDAQ:ONEG) last issued its quarterly earnings results on Thursday, July 23rd. The company reported ($0.42) earnings per share (EPS) for the quarter. The firm had revenue of $10.80 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded OneConstruction Group from a “sell (d)” rating to a “sell (e+)” rating in a research note on Tuesday. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, OneConstruction Group has a consensus rating of “Sell”.

OneConstruction Group Company Profile

OneConstruction Group is a structural steelwork contractor principally in Hong Kong. The Company, through its subsidiaries, specializes in the procurement and installation of structural steel for a diverse range of construction projects, serving both public and private sector clients. OneConstruction Group is based in NEW YORK.