Onfolio Holdings Inc. (NASDAQ:ONFO) Sees Large Decline in Short Interest

Onfolio Holdings Inc. (NASDAQ:ONFO) was the target of a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 195,848 shares, a drop of 44.5% from the November 30th total of 353,194 shares. Based on an average trading volume of 50,331 shares, the short-interest ratio is currently 3.9 days. Approximately 5.7% of the company’s stock are sold short. Approximately 5.7% of the company’s stock are sold short. Based on an average trading volume of 50,331 shares, the short-interest ratio is currently 3.9 days.

Wall Street Analyst Weigh In

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

Onfolio Stock Performance

ONFO opened at $0.64 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.48 and a current ratio of 0.49. The business’s 50-day simple moving average is $0.90 and its 200 day simple moving average is $1.02. The firm has a market capitalization of $3.27 million, a PE ratio of -1.39 and a beta of 2.72. Onfolio has a 52-week low of $0.60 and a 52-week high of $1.95.

Onfolio (NASDAQ:ONFO) last posted its quarterly earnings results on Friday, November 14th. The company reported ($0.16) earnings per share for the quarter. The company had revenue of $2.74 million for the quarter. Onfolio had a negative return on equity of 43.97% and a negative net margin of 17.18%.

About Onfolio

Onfolio Holdings, Inc acquires and develops internet businesses. It provides website management, digital, advertising, and content placement services on its websites; and product sales on various sites. The company was founded in 2019 and is based in Wilmington, Delaware.