OneConstruction Group Limited (NASDAQ:ONEG) Short Interest Up 1,397.2% in June

OneConstruction Group Limited (NASDAQ:ONEG) was the target of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 255,856 shares, an increase of 1,397.2% from the May 31st total of 17,089 shares. Currently, 2.0% of the shares of the company are sold short. Based on an average daily volume of 1,892,447 shares, the days-to-cover ratio is presently 0.1 days.

OneConstruction Group Stock Performance

Shares of NASDAQ:ONEG traded down $0.10 during midday trading on Thursday, reaching $1.53. 152,809 shares of the company traded hands, compared to its average volume of 1,195,271. OneConstruction Group has a 12 month low of $0.72 and a 12 month high of $14.95. The firm’s fifty day moving average price is $2.55 and its two-hundred day moving average price is $2.39.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in OneConstruction Group stock. XTX Topco Ltd purchased a new position in OneConstruction Group Limited (NASDAQ:ONEG) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,794 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned approximately 0.18% of OneConstruction Group at the end of the most recent quarter.

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.