OneConstruction Group Limited (NASDAQ:ONEG) Shares Shorted: Short Interest Up 185.0% in October

OneConstruction Group Limited (NASDAQ:ONEG) saw a significant increase in short interest in October. As of October 30th, there was short interest totaling 41,653 shares, an increase of 185.0% from the October 15th total of 14,615 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 9,978,315 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of OneConstruction Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, August 31st. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On OneConstruction Group

An institutional investor recently raised its position in OneConstruction Group stock. StoneX Group Inc. increased its stake in shares of OneConstruction Group Limited (NASDAQ:ONEG) by 119.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 30,114 shares of the company’s stock after purchasing an additional 16,378 shares during the quarter. StoneX Group Inc. owned 0.19% of OneConstruction Group worth $31,000 at the end of the most recent quarter.

OneConstruction Group Stock Up 0.9%

NASDAQ ONEG traded up $0.01 during trading hours on Friday, hitting $1.09. 81,109 shares of the company were exchanged, compared to its average volume of 6,068,048. OneConstruction Group has a 52 week low of $0.64 and a 52 week high of $14.95. The company has a current ratio of 2.54, a quick ratio of 2.54 and a debt-to-equity ratio of 78.83. The stock has a 50-day moving average price of $1.01 and a 200 day moving average price of $1.85.

About OneConstruction Group

OneConstruction Group Limited is a construction contractor serving customers in Hong Kong. Through its operating subsidiaries, the company undertakes building construction and foundation works for public- and private-sector clients. Its services include new building construction, renovation and alteration work, as well as foundation-related projects such as piling, site formation and excavation. The company operates in Hong Kong’s construction market.