OneConstruction Group Limited (NASDAQ:ONEG) Short Interest Down 47.6% in July

OneConstruction Group Limited (NASDAQ:ONEG) was the recipient of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 17,463 shares, a decline of 47.6% from the June 30th total of 33,298 shares. Based on an average daily volume of 78,701 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in OneConstruction Group stock. XTX Topco Ltd acquired a new position in shares of OneConstruction Group Limited (NASDAQ:ONEG) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 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 and Exchange Commission.

OneConstruction Group Trading Up 0.5%

NASDAQ:ONEG traded up $0.01 during mid-day trading on Thursday, reaching $1.05. 27,601 shares of the company were exchanged, compared to its average volume of 755,810. The company has a quick ratio of 2.54, a current ratio of 2.54 and a debt-to-equity ratio of 78.83. OneConstruction Group has a 12 month low of $0.72 and a 12 month high of $14.95. The company has a fifty day moving average of $1.16 and a 200 day moving average of $2.35.

OneConstruction Group (NASDAQ:ONEG) last announced its earnings results on Thursday, July 23rd. The company reported ($0.42) earnings per share for the quarter. The business had revenue of $10.80 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered OneConstruction Group from a “sell (d)” rating to a “sell (e+)” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

About OneConstruction Group

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.