Short Interest in OFA Group (NASDAQ:OFAL) Grows By 2,447.5%

OFA Group (NASDAQ:OFAL) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 667,574 shares, a growth of 2,447.5% from the July 30th total of 26,205 shares. Approximately 32.7% of the company’s stock are short sold. Based on an average daily volume of 20,220,990 shares, the short-interest ratio is presently 0.0 days.

Institutional Investors Weigh In On OFA Group

An institutional investor recently bought a new stake in OFA Group stock. Virtu Financial LLC bought a new stake in OFA Group (NASDAQ:OFAL) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 37,733 shares of the company’s stock, valued at approximately $47,000. Virtu Financial LLC owned 0.27% of OFA Group as of its most recent SEC filing.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of OFA Group in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

OFA Group Stock Performance

OFA Group stock traded up $0.32 during mid-day trading on Tuesday, reaching $1.05. The company’s stock had a trading volume of 78,140,956 shares, compared to its average volume of 1,850,561. The firm has a market cap of $4.87 million, a price-to-earnings ratio of -1.46 and a beta of 1.17. The business has a 50 day moving average price of $1.40 and a 200-day moving average price of $3.63. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.05. OFA Group has a twelve month low of $0.58 and a twelve month high of $17.50.

OFA Group (NASDAQ:OFAL) last issued its earnings results on Friday, August 14th. The company reported ($0.72) earnings per share for the quarter. The business had revenue of $14.88 million for the quarter.

OFA Group Company Profile

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.