OFA Group (NASDAQ:OFAL) Stock Short Interest Report for October

OFA Group (NASDAQ:OFAL) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 540,180 shares, a growth of 224.5% from the September 30th total of 166,458 shares. Currently, 5.1% of the shares of the stock are short sold. Based on an average trading volume of 30,075,760 shares, the short-interest ratio is currently 0.0 days.

OFA Group Stock Down 1.3%

Shares of NASDAQ OFAL opened at $0.30 on Thursday. The firm’s 50-day moving average price is $0.56 and its 200-day moving average price is $2.98. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $7.26 million, a price-to-earnings ratio of -0.42 and a beta of 1.28. OFA Group has a 12-month low of $0.30 and a 12-month high of $10.60.

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on OFAL. Wall Street Zen raised shares of OFA Group to a “sell” rating in a report on Saturday, September 12th. Weiss Ratings restated 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

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.