Short Interest in Onfolio Holdings Inc. (NASDAQ:ONFO) Grows By 118.7%

Onfolio Holdings Inc. (NASDAQ:ONFO) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 134,463 shares, an increase of 118.7% from the July 15th total of 61,484 shares. Based on an average daily trading volume, of 49,971,869 shares, the days-to-cover ratio is currently 0.0 days. Currently, 2.6% of the company’s stock are short sold.

Onfolio Stock Performance

Shares of ONFO traded up $0.28 during mid-day trading on Friday, hitting $2.59. 84,425,217 shares of the company traded hands, compared to its average volume of 1,820,731. The stock has a market cap of $362,600.00, a price-to-earnings ratio of -0.06 and a beta of 3.57. The stock has a 50-day moving average price of $10.33 and a two-hundred day moving average price of $27.90. Onfolio has a 1 year low of $2.06 and a 1 year high of $123.92. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.20 and a current ratio of 0.20.

Onfolio (NASDAQ:ONFO) last issued its earnings results on Friday, May 15th. The company reported ($16.00) earnings per share (EPS) for the quarter, missing the consensus estimate of ($5.50) by ($10.50). The company had revenue of $1.87 million during the quarter, compared to analysts’ expectations of $1.68 million. Onfolio had a negative return on equity of 80.51% and a negative net margin of 44.11%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Weiss Ratings raised shares of Onfolio from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, May 28th. Wall Street Zen cut Onfolio to a “strong sell” rating in a research report on Saturday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Onfolio has an average rating of “Sell”.

About Onfolio

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.