OFA Group (NASDAQ:OFAL) Short Interest Update

OFA Group (NASDAQ:OFAL) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 667,574 shares, an increase of 2,447.5% from the July 30th total of 26,205 shares. Approximately 32.7% of the company’s shares are sold short. Based on an average daily volume of 20,220,990 shares, the short-interest ratio is currently 0.0 days.

Hedge Funds Weigh In On OFA Group

An institutional investor recently bought a new stake in OFA Group stock. Virtu Financial LLC acquired a new stake in OFA Group (NASDAQ:OFAL) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 37,733 shares of the company’s stock, valued at approximately $47,000. Virtu Financial LLC owned approximately 0.27% of OFA Group as of its most recent SEC filing.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of OFA Group in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

OFA Group Stock Performance

NASDAQ:OFAL opened at $1.05 on Wednesday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $4.87 million, a price-to-earnings ratio of -1.46 and a beta of 1.17. The firm’s fifty day simple moving average is $1.37 and its 200 day simple moving average is $3.61. OFA Group has a twelve month low of $0.58 and a twelve month high of $17.50.

OFA Group (NASDAQ:OFAL) last announced its quarterly earnings results on Friday, August 14th. The company reported ($0.72) earnings per share for the quarter. The company had revenue of $14.88 million for the quarter.

About OFA Group

Through our wholly owned operating subsidiary, Office for Fine Architecture Limited, we provide comprehensive architectural services, including design and fit out services for commercial and residential buildings. The design service includes both the consultation with our staff and the actual design work and the Company provides a specific conceptualized design with layout plans, detailed design drawings, advice relating to, among other things, budgetary consideration, optimal use of space, the materials, fittings, furniture, appliances and other items to be used with an aim to produce a preliminary design plan and quotation for clients’ considerations.