Short Interest in OFA Group (NASDAQ:OFAL) Expands By 29.4%

OFA Group (NASDAQ:OFAL) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totaling 234,453 shares, a growth of 29.4% from the December 15th total of 181,211 shares. Based on an average daily volume of 84,853 shares, the short-interest ratio is currently 2.8 days. Currently, 1.6% of the company’s shares are sold short. Currently, 1.6% of the company’s shares are sold short. Based on an average daily volume of 84,853 shares, the short-interest ratio is currently 2.8 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e)” rating on shares of OFA Group in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in OFA Group stock. Virtu Financial LLC bought a new position in shares of OFA Group (NASDAQ:OFAL) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 37,733 shares of the company’s stock, valued at approximately $47,000. Virtu Financial LLC owned approximately 0.27% of OFA Group as of its most recent filing with the Securities & Exchange Commission.

OFA Group Stock Down 10.1%

Shares of OFA Group stock traded down $0.05 on Monday, hitting $0.43. The company had a trading volume of 943,379 shares, compared to its average volume of 88,899. The stock has a 50-day moving average of $0.68 and a 200-day moving average of $1.18. OFA Group has a twelve month low of $0.42 and a twelve month high of $9.79.

About OFA Group

Through our wholly owned operating subsidiary, Office for Fine Architecture Limited, we provide comprehensive architectural services, including design and fit out services for commercial and residential buildings. The design service includes both the consultation with our staff and the actual design work and the Company provides a specific conceptualized design with layout plans, detailed design drawings, advice relating to, among other things, budgetary consideration, optimal use of space, the materials, fittings, furniture, appliances and other items to be used with an aim to produce a preliminary design plan and quotation for clients’ considerations.