OFA Group (NASDAQ:OFAL) Sees Large Growth in Short Interest

OFA Group (NASDAQ:OFAL) saw a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 231,336 shares, an increase of 59.5% from the May 14th total of 144,993 shares. Approximately 3.6% of the shares of the company are short sold. Based on an average daily volume of 1,007,968 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of OFA Group

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

OFA Group Stock Down 4.5%

OFA Group stock traded down $0.01 during trading hours on Tuesday, hitting $0.23. 384,597 shares of the stock traded hands, compared to its average volume of 392,908. The firm’s 50 day moving average price is $0.50 and its 200-day moving average price is $0.53. OFA Group has a 1 year low of $0.21 and a 1 year high of $3.37.

OFA Group (NASDAQ:OFAL) last announced its quarterly earnings data on Tuesday, June 9th. The company reported ($0.21) earnings per share (EPS) for the quarter. The firm had revenue of $0.02 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of OFA Group in a research note on Friday, May 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, OFA Group currently has a consensus rating of “Sell”.

OFA Group Company Profile

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.