OneConstruction Group Limited (NASDAQ:ONEG) Short Interest Update

OneConstruction Group Limited (NASDAQ:ONEG) was the target of a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 29,573 shares, a decrease of 95.1% from the April 30th total of 600,470 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 2,740,513 shares, the days-to-cover ratio is presently 0.0 days.

OneConstruction Group Stock Performance

ONEG stock traded down $0.01 during mid-day trading on Wednesday, hitting $0.89. The company had a trading volume of 316,711 shares, compared to its average volume of 2,063,577. The stock’s fifty day moving average price is $3.06 and its two-hundred day moving average price is $2.73. OneConstruction Group has a 12 month low of $0.72 and a 12 month high of $14.95.

Institutional Trading of OneConstruction Group

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ONEG shares. Weiss Ratings reissued a “sell (d)” rating on shares of OneConstruction Group in a research report on Thursday, April 2nd. Wall Street Zen raised shares of OneConstruction Group to a “hold” rating in a research report on Saturday, March 28th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

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.