Onfolio Holdings Inc. (NASDAQ:ONFO) Sees Large Decline in Short Interest

Onfolio Holdings Inc. (NASDAQ:ONFO) was the target of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 186,032 shares, a drop of 79.4% from the April 30th total of 901,491 shares. Currently, 2.8% of the company’s shares are sold short. Based on an average daily volume of 213,399 shares, the short-interest ratio is presently 0.9 days.

Onfolio Price Performance

Shares of ONFO traded down $0.01 during trading hours on Friday, hitting $0.67. 45,472 shares of the stock were exchanged, compared to its average volume of 3,069,874. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.20 and a current ratio of 0.20. Onfolio has a 12-month low of $0.46 and a 12-month high of $2.48. The company has a market cap of $4.44 million, a price-to-earnings ratio of -0.78 and a beta of 3.67. The stock’s 50-day moving average price is $0.90 and its two-hundred day moving average price is $0.77.

Onfolio (NASDAQ:ONFO) last posted its quarterly earnings results on Friday, May 15th. The company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.21). The company had revenue of $1.87 million for the quarter, compared to analysts’ expectations of $1.68 million. Onfolio had a negative return on equity of 80.51% and a negative net margin of 44.11%.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of Onfolio from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 13th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Onfolio has a consensus rating of “Sell”.

Onfolio Company Profile

Onfolio Holdings, Inc acquires and develops internet businesses. It provides website management, digital, advertising, and content placement services on its websites; and product sales on various sites. The company was founded in 2019 and is based in Wilmington, Delaware.