OneConstruction Group Limited (NASDAQ:ONEG) Short Interest Update

OneConstruction Group Limited (NASDAQ:ONEG) was the recipient of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 600,470 shares, a growth of 469.2% from the April 15th total of 105,495 shares. Currently, 4.6% of the shares of the company are sold short. Based on an average daily volume of 1,600,027 shares, the short-interest ratio is currently 0.4 days.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ONEG. Weiss Ratings reissued a “sell (d)” rating on shares of OneConstruction Group in a research note on Thursday, April 2nd. Wall Street Zen raised shares of OneConstruction Group to a “hold” rating in a research note on Saturday, March 28th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, OneConstruction Group has a consensus rating of “Sell”.

Institutional Trading of OneConstruction Group

An institutional investor recently bought a new position in OneConstruction Group stock. XTX Topco Ltd purchased a new position in shares of OneConstruction Group Limited (NASDAQ:ONEG) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 23,794 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned approximately 0.18% of OneConstruction Group at the end of the most recent quarter.

OneConstruction Group Stock Performance

ONEG stock opened at $1.10 on Friday. OneConstruction Group has a 52 week low of $0.72 and a 52 week high of $14.95. The firm’s 50-day moving average is $3.21 and its two-hundred day moving average is $3.32.

OneConstruction Group Company Profile

OneConstruction Group is a structural steelwork contractor principally in Hong Kong. The Company, through its subsidiaries, specializes in the procurement and installation of structural steel for a diverse range of construction projects, serving both public and private sector clients. OneConstruction Group is based in NEW YORK.