OneConstruction Group Limited (NASDAQ:ONEG) Sees Large Increase in Short Interest

OneConstruction Group Limited (NASDAQ:ONEG) was the target of a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 105,495 shares, an increase of 72.5% from the March 31st total of 61,142 shares. Based on an average daily volume of 984,171 shares, the short-interest ratio is presently 0.1 days. Currently, 0.8% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on ONEG shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of OneConstruction Group in a report on Thursday, April 2nd. Wall Street Zen upgraded shares of OneConstruction Group to a “hold” rating in a research note on Saturday, March 28th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Institutional Trading of OneConstruction Group

An institutional investor recently bought a new position in OneConstruction Group stock. XTX Topco Ltd bought a new stake in OneConstruction Group Limited (NASDAQ:ONEG) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 23,794 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned approximately 0.18% of OneConstruction Group as of its most recent filing with the Securities & Exchange Commission.

OneConstruction Group Trading Up 16.1%

Shares of ONEG stock opened at $8.31 on Wednesday. The company’s fifty day simple moving average is $2.71 and its two-hundred day simple moving average is $3.88. OneConstruction Group has a 52 week low of $0.96 and a 52 week high of $13.50.

OneConstruction Group Company Profile

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.