Onfolio Holdings Inc. (NASDAQ:ONFO) Sees Significant Growth in Short Interest

Onfolio Holdings Inc. (NASDAQ:ONFO) saw a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 901,491 shares, an increase of 1,932.3% from the April 15th total of 44,359 shares. Approximately 15.5% of the company’s stock are sold short. Based on an average daily volume of 26,324,043 shares, the short-interest ratio is currently 0.0 days.

Onfolio Stock Performance

ONFO traded up $0.01 during trading on Monday, hitting $1.15. 202,875 shares of the company traded hands, compared to its average volume of 14,887,146. The firm has a market cap of $6.74 million, a P/E ratio of -1.95 and a beta of 3.67. The stock’s fifty day moving average is $0.84 and its 200 day moving average is $0.80. The company has a quick ratio of 0.43, a current ratio of 0.44 and a debt-to-equity ratio of 0.19. Onfolio has a one year low of $0.46 and a one year high of $2.48.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Onfolio from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, April 24th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average 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.