Onfolio Holdings Inc. (NASDAQ:ONFO) Short Interest Update

Onfolio Holdings Inc. (NASDAQ:ONFO) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totaling 186,032 shares, a decline of 79.4% from the April 30th total of 901,491 shares. Based on an average daily volume of 213,399 shares, the days-to-cover ratio is currently 0.9 days. Approximately 2.8% of the shares of the company are short sold.

Onfolio Price Performance

Onfolio stock traded down $0.02 during midday trading on Friday, hitting $0.66. The company’s stock had a trading volume of 58,381 shares, compared to its average volume of 231,624. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.16. The stock’s 50-day moving average price is $0.90 and its 200-day moving average price is $0.77. Onfolio has a 12 month low of $0.46 and a 12 month high of $2.48. The company has a market capitalization of $4.37 million, a PE ratio of -0.76 and a beta of 3.67.

Onfolio (NASDAQ:ONFO) last issued its quarterly earnings results on Friday, May 15th. The company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.21). Onfolio had a negative return on equity of 80.51% and a negative net margin of 44.11%.The business had revenue of $1.87 million during the quarter, compared to the consensus estimate of $1.68 million.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Onfolio from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Onfolio Company Profile

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.