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

Onfolio Holdings Inc. (NASDAQ:ONFO) was the recipient of a large decrease in short interest in the month of December. As of December 15th, there was short interest totaling 195,848 shares, a decrease of 44.5% from the November 30th total of 353,194 shares. Based on an average daily trading volume, of 50,331 shares, the short-interest ratio is currently 3.9 days. Currently, 5.7% of the company’s stock are short sold. Currently, 5.7% of the company’s stock are short sold. Based on an average daily trading volume, of 50,331 shares, the short-interest ratio is currently 3.9 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Onfolio in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Onfolio Stock Down 7.5%

Onfolio stock traded down $0.05 during trading on Monday, reaching $0.59. The stock had a trading volume of 59,837 shares, compared to its average volume of 310,463. The company has a quick ratio of 0.48, a current ratio of 0.49 and a debt-to-equity ratio of 0.48. Onfolio has a 52-week low of $0.59 and a 52-week high of $1.95. The stock has a market cap of $3.02 million, a PE ratio of -1.28 and a beta of 2.72. The business has a 50 day moving average price of $0.90 and a 200 day moving average price of $1.02.

Onfolio (NASDAQ:ONFO) last announced its quarterly earnings data on Friday, November 14th. The company reported ($0.16) EPS for the quarter. The firm had revenue of $2.74 million during the quarter. Onfolio had a negative net margin of 17.18% and a negative return on equity of 43.97%.

About Onfolio

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.