Onfolio Holdings Inc. (NASDAQ:ONFO) Shares Shorted: Short Interest Down 42.2% in October

Onfolio Holdings Inc. (NASDAQ:ONFO) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 215,457 shares, a decline of 42.2% from the September 30th total of 372,763 shares. Based on an average trading volume of 117,297 shares, the short-interest ratio is presently 1.8 days. Currently, 8.8% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ONFO. Weiss Ratings downgraded Onfolio from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, September 14th. Wall Street Zen lowered shares of Onfolio to a “strong sell” rating in a research note on Saturday, August 15th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Onfolio Trading Up 1.9%

Shares of ONFO traded up $0.01 during trading on Monday, reaching $0.47. 31,902 shares of the company traded hands, compared to its average volume of 726,859. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.16. The stock has a market cap of $1.19 million, a PE ratio of -0.01 and a beta of 3.68. The stock has a 50-day simple moving average of $0.87 and a 200-day simple moving average of $20.99. Onfolio has a twelve month low of $0.42 and a twelve month high of $123.92.

Onfolio (NASDAQ:ONFO) last posted its earnings results on Wednesday, August 19th. The company reported ($35.57) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($35.46). Onfolio had a negative net margin of 101.86% and a negative return on equity of 210.67%. The company had revenue of $1.50 million during the quarter, compared to analyst estimates of $1.68 million.

Onfolio Company Profile

Onfolio Holdings, Inc is an online-business holding company that acquires, operates and develops digital businesses. The company focuses on established internet-based companies with potential for continued growth, rather than building a single consumer brand or product line.

Its portfolio may include e-commerce businesses, content and affiliate websites, software-as-a-service companies, and other online ventures that generate revenue through digital sales, subscriptions, advertising, lead generation or related services.