Short Interest in Onfolio Holdings Inc. (NASDAQ:ONFO) Decreases By 26.1%

Onfolio Holdings Inc. (NASDAQ:ONFO) was the recipient of a large drop in short interest in December. As of December 31st, there was short interest totaling 144,702 shares, a drop of 26.1% from the December 15th total of 195,848 shares. Based on an average daily volume of 63,815 shares, the days-to-cover ratio is currently 2.3 days. Currently, 4.2% of the company’s stock are sold short. Currently, 4.2% of the company’s stock are sold short. Based on an average daily volume of 63,815 shares, the days-to-cover ratio is currently 2.3 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Onfolio in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Onfolio Stock Down 1.0%

Onfolio stock traded down $0.01 during midday trading on Friday, hitting $0.73. The stock had a trading volume of 23,943 shares, compared to its average volume of 63,250. The business has a fifty day moving average price of $0.79 and a 200 day moving average price of $1.00. Onfolio has a 12 month low of $0.59 and a 12 month high of $1.95. The stock has a market cap of $3.72 million, a P/E ratio of -1.58 and a beta of 2.88. The company has a current ratio of 0.49, a quick ratio of 0.48 and a debt-to-equity ratio of 0.48.

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

Insider Transactions at Onfolio

In other Onfolio news, CEO Dominic Benjamin James Wells acquired 59,707 shares of the company’s stock in a transaction on Tuesday, December 30th. The shares were bought at an average cost of $0.65 per share, for a total transaction of $38,809.55. Following the acquisition, the chief executive officer directly owned 1,225,207 shares of the company’s stock, valued at $796,384.55. This trade represents a 5.12% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 32.40% of the stock is owned by corporate insiders.

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.