OneConstruction Group Limited (NASDAQ:ONEG) Short Interest Up 1,397.2% in June

OneConstruction Group Limited (NASDAQ:ONEG) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 255,856 shares, a growth of 1,397.2% from the May 31st total of 17,089 shares. Based on an average daily volume of 1,892,447 shares, the short-interest ratio is currently 0.1 days. Approximately 2.0% of the company’s stock are sold short.

Institutional Inflows and Outflows

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

OneConstruction Group Trading Down 6.1%

Shares of OneConstruction Group stock opened at $1.53 on Friday. OneConstruction Group has a 1 year low of $0.72 and a 1 year high of $14.95. The firm’s 50-day moving average is $2.55 and its 200 day moving average is $2.39.

Analyst Ratings Changes

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

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.