Short Interest in OneConstruction Group Limited (NASDAQ:ONEG) Decreases By 87.0%

OneConstruction Group Limited (NASDAQ:ONEG) was the target of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 33,298 shares, a decrease of 87.0% from the June 15th total of 255,856 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 345,956 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

Several brokerages have commented on ONEG. Wall Street Zen raised shares of OneConstruction Group to a “hold” rating in a report on Saturday, March 28th. Weiss Ratings restated a “sell (d)” rating on shares of OneConstruction Group in a research report on Tuesday, June 30th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Institutional Trading of OneConstruction Group

A hedge fund recently bought a new position in OneConstruction Group stock. XTX Topco Ltd bought a new position in OneConstruction Group Limited (NASDAQ:ONEG) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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 1.8%

OneConstruction Group stock traded up $0.02 during mid-day trading on Monday, hitting $1.16. 23,174 shares of the company traded hands, compared to its average volume of 247,926. OneConstruction Group has a one year low of $0.72 and a one year high of $14.95. The stock has a fifty day moving average price of $1.46 and a 200-day moving average price of $2.39.

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.