Short Interest in OneConstruction Group Limited (NASDAQ:ONEG) Drops By 95.1%

OneConstruction Group Limited (NASDAQ:ONEG) saw a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 29,573 shares, a decline of 95.1% from the April 30th total of 600,470 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 2,740,513 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On OneConstruction Group

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

Wall Street Analyst Weigh In

ONEG has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of OneConstruction Group to a “hold” rating in a report on Saturday, March 28th. Weiss Ratings reiterated a “sell (d)” rating on shares of OneConstruction Group in a report on Thursday, April 2nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

OneConstruction Group Price Performance

Shares of OneConstruction Group stock traded down $0.02 on Thursday, reaching $0.87. The company had a trading volume of 128,452 shares, compared to its average volume of 820,091. The firm’s 50 day moving average price is $3.06 and its two-hundred day moving average price is $2.73. OneConstruction Group has a 52-week low of $0.72 and a 52-week high of $14.95.

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.