OneConstruction Group Limited (NASDAQ:ONEG) Sees Large Increase in Short Interest

OneConstruction Group Limited (NASDAQ:ONEG) saw a large growth in short interest in October. As of October 30th, there was short interest totaling 41,653 shares, a growth of 185.0% from the October 15th total of 14,615 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average trading volume of 9,978,315 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On OneConstruction Group

An institutional investor recently raised its stake in OneConstruction Group stock. StoneX Group Inc. increased its position in shares of OneConstruction Group Limited (NASDAQ:ONEG) by 119.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,114 shares of the company’s stock after buying an additional 16,378 shares during the period. StoneX Group Inc. owned 0.19% of OneConstruction Group worth $31,000 as of its most recent filing with the Securities and Exchange Commission.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of OneConstruction Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, August 31st. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

OneConstruction Group Stock Performance

NASDAQ:ONEG opened at $1.08 on Friday. OneConstruction Group has a twelve month low of $0.64 and a twelve month high of $14.95. The company has a quick ratio of 2.54, a current ratio of 2.54 and a debt-to-equity ratio of 78.83. The stock’s 50 day moving average price is $1.01 and its two-hundred day moving average price is $1.87.

OneConstruction Group Company Profile

OneConstruction Group Limited (NASDAQ: ONEG) is a construction company that operates through subsidiaries serving the Hong Kong market. The company’s activities are centered on building construction and related contracting services. Its work includes construction and development-related services for building projects, including private-sector and public-sector assignments. Specific project details and information about the company’s broader product or service portfolio are limited in publicly available sources.