OneConstruction Group Limited (NASDAQ:ONEG) Sees Significant Decline in Short Interest

OneConstruction Group Limited (NASDAQ:ONEG) was the target of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 33,298 shares, a decrease of 87.0% from the June 15th total of 255,856 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 345,956 shares, the days-to-cover ratio is currently 0.1 days.

OneConstruction Group Price Performance

Shares of ONEG stock traded up $0.02 during mid-day trading on Monday, hitting $1.16. The company had a trading volume of 23,174 shares, compared to its average volume of 247,926. OneConstruction Group has a 52-week low of $0.72 and a 52-week high of $14.95. The stock’s 50 day moving average price is $1.46 and its 200-day moving average price is $2.39.

Institutional Trading of OneConstruction Group

An institutional investor recently bought a new stake in OneConstruction Group stock. XTX Topco Ltd acquired a new position in shares of OneConstruction Group Limited (NASDAQ:ONEG) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 23,794 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned 0.18% of OneConstruction Group as of its most recent SEC filing.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ONEG. Weiss Ratings reaffirmed a “sell (d)” rating on shares of OneConstruction Group in a research report on Tuesday, June 30th. Wall Street Zen upgraded 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, According to MarketBeat.com, OneConstruction Group 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.