OFX Group Limited (OTCMKTS:OZFRY) Sees Significant Decrease in Short Interest

OFX Group Limited (OTCMKTS:OZFRY) saw a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 35 shares, a drop of 99.3% from the May 14th total of 5,326 shares. Based on an average daily volume of 556 shares, the short-interest ratio is presently 0.1 days.

OFX Group Price Performance

OZFRY remained flat at $2.20 during mid-day trading on Tuesday. The stock’s fifty day simple moving average is $2.06 and its 200-day simple moving average is $1.92. OFX Group has a fifty-two week low of $1.58 and a fifty-two week high of $2.99.

OFX Group Company Profile

OFX Group is a global provider of online foreign exchange and international payment services. The company operates a digital platform that enables individuals, small businesses, and larger institutions to send and receive money across borders at competitive exchange rates. Its core offering includes spot and forward currency contracts, risk management tools, and multi-currency accounts designed to streamline cross-border transactions.

Originally founded in Sydney in 1998 under the name OzForex, OFX Group has grown through organic expansion and acquisitions to establish a presence in major financial markets.