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

Onfolio Holdings Inc. (NASDAQ:ONFO) saw a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 104,044 shares, a decrease of 34.4% from the February 26th total of 158,602 shares. Approximately 2.0% of the shares of the stock are short sold. Based on an average daily volume of 34,533 shares, the short-interest ratio is presently 3.0 days.

Analyst Ratings Changes

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

Onfolio Trading Down 1.7%

Shares of NASDAQ:ONFO traded down $0.01 on Friday, reaching $0.69. 93,379 shares of the company traded hands, compared to its average volume of 406,229. The stock has a market capitalization of $3.52 million, a P/E ratio of -1.49 and a beta of 3.10. The business’s 50-day simple moving average is $0.60 and its 200 day simple moving average is $0.82. The company has a current ratio of 0.49, a quick ratio of 0.48 and a debt-to-equity ratio of 0.48. Onfolio has a 52 week low of $0.46 and a 52 week high of $1.95.

Insiders Place Their Bets

In related news, CEO Dominic Benjamin James Wells bought 59,707 shares of the company’s stock in a transaction on Tuesday, December 30th. The stock was acquired at an average cost of $0.65 per share, for a total transaction of $38,809.55. Following the completion of the transaction, the chief executive officer directly owned 1,225,207 shares in the company, valued at $796,384.55. This trade represents a 5.12% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.52% of the stock is owned by corporate insiders.

Onfolio Company Profile

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.