Onfolio Holdings Inc. (NASDAQ:ONFO) Sees Large Decrease in Short Interest

Onfolio Holdings Inc. (NASDAQ:ONFO) saw a large decrease in short interest in the month of 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. Currently, 3.0% of the shares of the company are sold short. Based on an average trading volume of 101,067 shares, the days-to-cover ratio is presently 1.0 days. Based on an average trading volume of 101,067 shares, the days-to-cover ratio is presently 1.0 days. Currently, 3.0% of the shares of the company are sold short.

Insiders Place Their Bets

In other Onfolio news, CEO Dominic Benjamin James Wells purchased 59,707 shares of the company’s stock in a transaction that occurred on Tuesday, December 30th. The shares were bought at an average cost of $0.65 per share, for a total transaction of $38,809.55. Following the purchase, the chief executive officer owned 1,225,207 shares of the company’s stock, valued at $796,384.55. This represents a 5.12% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 32.40% of the company’s stock.

Onfolio Price Performance

NASDAQ ONFO traded up $0.02 on Friday, hitting $0.49. The stock had a trading volume of 22,346 shares, compared to its average volume of 75,792. The firm has a 50-day moving average of $0.70 and a 200-day moving average of $0.93. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.48 and a current ratio of 0.49. Onfolio has a 52-week low of $0.46 and a 52-week high of $1.95. The company has a market capitalization of $2.49 million, a price-to-earnings ratio of -1.05 and a beta of 2.88.

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

Analysts Set New Price Targets

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

About Onfolio

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.