Onfolio Holdings Inc. (NASDAQ:ONFO) Short Interest Update

Onfolio Holdings Inc. (NASDAQ:ONFO) was the target of a large decrease in short interest in January. As of January 30th, there was short interest totaling 105,270 shares, a decrease of 38.6% from the January 15th total of 171,520 shares. Based on an average trading volume of 101,067 shares, the days-to-cover ratio is currently 1.0 days. Approximately 3.0% of the shares of the stock are short sold. Approximately 3.0% of the shares of the stock are short sold. Based on an average trading volume of 101,067 shares, the days-to-cover ratio is currently 1.0 days.

Insider Activity at Onfolio

In other Onfolio news, CEO Dominic Benjamin James Wells purchased 59,707 shares of the business’s stock in a transaction that occurred on Tuesday, December 30th. The stock was purchased at an average price of $0.65 per share, for a total transaction of $38,809.55. Following the purchase, the chief executive officer directly owned 1,225,207 shares in the company, valued at approximately $796,384.55. This trade represents a 5.12% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 32.40% of the stock is owned by company insiders.

Onfolio Trading Up 3.8%

Shares of ONFO stock opened at $0.49 on Friday. Onfolio has a fifty-two week low of $0.46 and a fifty-two week high of $1.95. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.48 and a current ratio of 0.49. The stock’s fifty day moving average is $0.69 and its two-hundred day moving average is $0.92. The firm has a market capitalization of $2.49 million, a P/E ratio of -1.05 and a beta of 2.88.

Onfolio (NASDAQ:ONFO) last released its earnings results on Friday, November 14th. The company reported ($0.16) earnings per share (EPS) for the quarter. The business had revenue of $2.74 million for the quarter. Onfolio had a negative return on equity of 43.97% and a negative net margin of 17.18%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Onfolio in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

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.