Onfolio Holdings Inc. (NASDAQ:ONFO) Short Interest Update

Onfolio Holdings Inc. (NASDAQ:ONFO) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totaling 154,405 shares, an increase of 84.1% from the August 31st total of 83,860 shares. Approximately 8.5% of the shares of the stock are short sold. Based on an average daily volume of 167,908 shares, the days-to-cover ratio is currently 0.9 days.

Onfolio Price Performance

NASDAQ:ONFO traded down $0.03 during trading hours on Tuesday, reaching $1.03. 2,037,756 shares of the company’s stock were exchanged, compared to its average volume of 807,997. The company has a market capitalization of $2.52 million, a P/E ratio of -0.01 and a beta of 3.32. Onfolio has a 12 month low of $0.77 and a 12 month high of $123.92. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.16. The business’s 50-day simple moving average is $2.23 and its two-hundred day simple moving average is $22.06.

Onfolio (NASDAQ:ONFO) last posted its quarterly earnings results on Wednesday, August 19th. The company reported ($35.57) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($35.46). Onfolio had a negative return on equity of 210.67% and a negative net margin of 101.86%.The business had revenue of $1.50 million during the quarter, compared to analyst estimates of $1.68 million.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ONFO. Weiss Ratings lowered Onfolio from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, September 14th. Wall Street Zen cut shares of Onfolio to a “strong sell” rating in a research report on Saturday, August 15th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Onfolio Company Profile

Onfolio Holdings Inc is an internet holding company that acquires and operates small, profitable online businesses. The company focuses on businesses with established digital operations and recurring or diversified revenue streams, seeking to support their growth through centralized management and operational expertise.

Its portfolio and business activities have included content-focused websites, e-commerce operations, subscription businesses and other digital properties. Onfolio provides services such as search engine optimization, content development, digital marketing, customer support and general business management to help improve the performance of the companies it owns.

Because its businesses operate primarily online, Onfolio serves customers across multiple geographic markets rather than focusing on a single physical region.