Short Interest in OneConstruction Group Limited (NASDAQ:ONEG) Declines By 55.6%

OneConstruction Group Limited (NASDAQ:ONEG) was the recipient of a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 18,591 shares, a decline of 55.6% from the December 31st total of 41,897 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 256,056 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 256,056 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of OneConstruction Group in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

OneConstruction Group Trading Down 0.6%

Shares of OneConstruction Group stock traded down $0.03 during mid-day trading on Friday, reaching $5.27. 80,263 shares of the stock were exchanged, compared to its average volume of 283,832. OneConstruction Group has a fifty-two week low of $1.00 and a fifty-two week high of $13.50. The firm has a 50-day simple moving average of $1.85 and a 200 day simple moving average of $6.95.

About OneConstruction Group

OneConstruction Group is a structural steelwork contractor principally in Hong Kong. The Company, through its subsidiaries, specializes in the procurement and installation of structural steel for a diverse range of construction projects, serving both public and private sector clients. OneConstruction Group is based in NEW YORK.