Onfolio Holdings, Inc. (NASDAQ:ONFO) Sees Significant Drop in Short Interest

Onfolio Holdings, Inc. (NASDAQ:ONFO) saw a large decrease in short interest during the month of January. As of January 15th, there was short interest totalling 87,700 shares, a decrease of 16.4% from the December 31st total of 104,900 shares. Based on an average daily volume of 65,800 shares, the days-to-cover ratio is currently 1.3 days. Approximately 2.7% of the company’s stock are short sold.

Onfolio Stock Performance

ONFO traded up $0.02 during midday trading on Friday, hitting $1.29. 22,762 shares of the company traded hands, compared to its average volume of 12,028. The company’s 50-day moving average is $1.37 and its 200 day moving average is $1.15. Onfolio has a 52 week low of $0.39 and a 52 week high of $1.88. The company has a quick ratio of 0.22, a current ratio of 0.24 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $6.62 million and a PE ratio of -2.15.

Onfolio Company Profile

Onfolio Holdings, Inc acquires and develops internet businesses. It provides website management, digital, advertising, and content placement services on its websites; and product sales on various sites. The company was founded in 2019 and is based in Wilmington, Delaware.