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

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

Hedge Funds Weigh In On OFA Group

An institutional investor recently bought a new stake in OFA Group stock. Virtu Financial LLC purchased a new position in shares of OFA Group (NASDAQ:OFAL) during the third quarter, according to 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 approximately 0.27% of OFA Group at the end of the most recent quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of OFA Group in a research note on Wednesday, July 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, OFA Group has a consensus rating of “Sell”.

OFA Group Stock Down 6.5%

Shares of OFA Group stock opened at $0.64 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.40 and a quick ratio of 0.40. OFA Group has a 1-year low of $0.58 and a 1-year high of $17.10. The business’s fifty day moving average price is $1.07 and its two-hundred day moving average price is $3.25. The company 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 released its quarterly earnings results on Saturday, August 15th. The company reported ($0.72) earnings per share (EPS) for the quarter. The firm had revenue of $0.01 million during the quarter.

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.