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

Onfolio Holdings Inc. (NASDAQ:ONFO) saw a significant growth in short interest in February. As of February 27th, there was short interest totaling 158,602 shares, a growth of 35.0% from the February 12th total of 117,476 shares. Based on an average daily trading volume, of 32,903 shares, the days-to-cover ratio is currently 4.8 days. Currently, 3.1% of the company’s shares are sold short. Currently, 3.1% of the company’s shares are sold short. Based on an average daily trading volume, of 32,903 shares, the days-to-cover ratio is currently 4.8 days.

Insider Activity at Onfolio

In other news, CEO Dominic Benjamin James Wells bought 59,707 shares of the company’s stock in a transaction dated Tuesday, December 30th. The shares were acquired at an average cost of $0.65 per share, with a total value of $38,809.55. Following the completion of the transaction, the chief executive officer directly owned 1,225,207 shares in the company, valued at approximately $796,384.55. The trade was a 5.12% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.52% of the stock is currently owned by insiders.

Onfolio Price Performance

Shares of ONFO opened at $0.54 on Friday. The business’s 50-day moving average is $0.61 and its 200-day moving average is $0.85. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.49 and a quick ratio of 0.48. The company has a market capitalization of $2.77 million, a price-to-earnings ratio of -1.17 and a beta of 3.10. Onfolio has a fifty-two week low of $0.46 and a fifty-two week high of $1.95.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Onfolio in a research report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

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.