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

Onfolio Holdings Inc. (NASDAQ:ONFO) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 154,405 shares, a growth of 84.1% from the August 31st total of 83,860 shares. Based on an average daily volume of 167,908 shares, the short-interest ratio is currently 0.9 days. Currently, 8.5% of the shares of the stock are short sold.

Onfolio Price Performance

Shares of ONFO traded down $0.05 during trading hours on Wednesday, reaching $0.98. The stock had a trading volume of 384,109 shares, compared to its average volume of 806,201. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.09 and a current ratio of 0.09. Onfolio has a 12 month low of $0.77 and a 12 month high of $123.92. The stock has a market capitalization of $2.40 million, a PE ratio of -0.01 and a beta of 3.32. The company’s 50-day moving average is $2.12 and its two-hundred day moving average is $21.87.

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Weiss Ratings lowered Onfolio from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, September 14th. Wall Street Zen downgraded Onfolio to a “strong sell” rating in a research report on Saturday, August 15th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Onfolio Company Profile

Onfolio Holdings Inc is an internet holding company that acquires and operates small, profitable online businesses. The company focuses on businesses with established digital operations and recurring or diversified revenue streams, seeking to support their growth through centralized management and operational expertise.

Its portfolio and business activities have included content-focused websites, e-commerce operations, subscription businesses and other digital properties. Onfolio provides services such as search engine optimization, content development, digital marketing, customer support and general business management to help improve the performance of the companies it owns.

Because its businesses operate primarily online, Onfolio serves customers across multiple geographic markets rather than focusing on a single physical region.