Short Interest in OFA Group (NASDAQ:OFAL) Drops By 78.3%

OFA Group (NASDAQ:OFAL) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 144,827 shares, a drop of 78.3% from the August 15th total of 667,574 shares. Based on an average trading volume of 7,514,105 shares, the days-to-cover ratio is presently 0.0 days. Currently, 7.1% of the company’s stock are sold short.

Hedge Funds Weigh In On OFA Group

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

OFA Group Stock Performance

OFAL traded down $0.05 on Friday, reaching $0.59. The stock had a trading volume of 470,042 shares, compared to its average volume of 9,545,484. The business’s 50-day moving average price is $1.04 and its two-hundred day moving average price is $3.24. The company has a market cap of $2.74 million, a P/E ratio of -0.82 and a beta of 1.11. OFA Group has a 12-month low of $0.57 and a 12-month high of $17.10. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.05.

OFA Group (NASDAQ:OFAL) last announced its earnings results on Saturday, August 15th. The company reported ($0.72) earnings per share (EPS) for the quarter. The firm had revenue of $0.01 million for the quarter.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on OFAL. Weiss Ratings restated a “sell (e+)” rating on shares of OFA Group in a research note on Wednesday, July 29th. Wall Street Zen raised OFA Group to a “sell” rating in a report on Saturday. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

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.