OneConstruction Group Limited (NASDAQ:ONEG) Short Interest Update

OneConstruction Group Limited (NASDAQ:ONEG) was the recipient of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 17,089 shares, a decline of 42.2% from the May 14th total of 29,573 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 235,607 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in OneConstruction Group stock. XTX Topco Ltd acquired a new position in OneConstruction Group Limited (NASDAQ:ONEG) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 filing with the Securities & Exchange Commission.

Analyst Upgrades and Downgrades

Several research firms have commented on ONEG. Wall Street Zen raised shares of OneConstruction Group to a “hold” rating in a report on Saturday, March 28th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of OneConstruction Group in a report on Thursday, April 2nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

OneConstruction Group Price Performance

NASDAQ:ONEG traded up $0.10 during mid-day trading on Tuesday, hitting $1.51. The company’s stock had a trading volume of 532,013 shares, compared to its average volume of 1,137,614. The business’s fifty day moving average is $2.78 and its two-hundred day moving average is $2.37. OneConstruction Group has a 1 year low of $0.72 and a 1 year high of $14.95.

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.