Short Interest in OFX Group Limited (OTCMKTS:OZFRY) Grows By 484.1%

OFX Group Limited (OTCMKTS:OZFRY) was the target of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 1,326 shares, an increase of 484.1% from the April 15th total of 227 shares. Based on an average daily trading volume, of 236 shares, the days-to-cover ratio is currently 5.6 days.

OFX Group Trading Up 2.4%

OTCMKTS:OZFRY traded up $0.05 during mid-day trading on Tuesday, reaching $2.10. The stock had a trading volume of 2,500 shares, compared to its average volume of 1,373. The business’s 50 day moving average is $2.04 and its 200 day moving average is $1.93. OFX Group has a fifty-two week low of $1.58 and a fifty-two week high of $2.99.

About OFX Group

OFX Group is a global provider of online foreign exchange and international payment services. The company operates a digital platform that enables individuals, small businesses, and larger institutions to send and receive money across borders at competitive exchange rates. Its core offering includes spot and forward currency contracts, risk management tools, and multi-currency accounts designed to streamline cross-border transactions.

Originally founded in Sydney in 1998 under the name OzForex, OFX Group has grown through organic expansion and acquisitions to establish a presence in major financial markets.