Short Interest in OFA Group (NASDAQ:OFAL) Drops By 28.3%

OFA Group (NASDAQ:OFAL) was the recipient of a large decrease in short interest during the month of February. As of February 27th, there was short interest totaling 132,779 shares, a decrease of 28.3% from the February 12th total of 185,261 shares. Currently, 0.9% of the shares of the company are sold short. Based on an average daily trading volume, of 280,294 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily trading volume, of 280,294 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.9% of the shares of the company are sold short.

Institutional Investors Weigh In On OFA Group

A hedge fund recently bought a new stake in OFA Group stock. Virtu Financial LLC acquired a new position in OFA Group (NASDAQ:OFAL) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 37,733 shares of the company’s stock, valued at approximately $47,000. Virtu Financial LLC owned 0.27% of OFA Group as of its most recent SEC filing.

OFA Group Price Performance

Shares of NASDAQ:OFAL traded down $0.01 during trading hours on Friday, hitting $0.39. The stock had a trading volume of 19,385 shares, compared to its average volume of 161,224. The stock’s fifty day simple moving average is $0.46 and its 200 day simple moving average is $0.81. OFA Group has a 1-year low of $0.26 and a 1-year high of $9.79.

OFA Group (NASDAQ:OFAL) last issued its quarterly earnings data on Thursday, February 26th. The company reported ($0.14) earnings per share (EPS) for the quarter. The firm had revenue of $0.32 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of OFA Group in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

About OFA Group

Through our wholly owned operating subsidiary, Office for Fine Architecture Limited, we provide comprehensive architectural services, including design and fit out services for commercial and residential buildings. The design service includes both the consultation with our staff and the actual design work and the Company provides a specific conceptualized design with layout plans, detailed design drawings, advice relating to, among other things, budgetary consideration, optimal use of space, the materials, fittings, furniture, appliances and other items to be used with an aim to produce a preliminary design plan and quotation for clients’ considerations.