Short Interest in OneConstruction Group Limited (NASDAQ:ONEG) Declines By 47.6%

OneConstruction Group Limited (NASDAQ:ONEG) saw a significant decrease in short interest in July. As of July 15th, there was short interest totaling 17,463 shares, a decrease of 47.6% from the June 30th total of 33,298 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 78,701 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of OneConstruction Group

An institutional investor recently bought a new stake in OneConstruction Group stock. XTX Topco Ltd acquired a new position in OneConstruction Group Limited (NASDAQ:ONEG) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 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 Stock Performance

Shares of ONEG stock traded up $0.02 on Wednesday, hitting $1.05. The company had a trading volume of 20,073 shares, compared to its average volume of 760,906. OneConstruction Group has a twelve month low of $0.72 and a twelve month high of $14.95. The company has a current ratio of 2.54, a quick ratio of 2.54 and a debt-to-equity ratio of 78.83. The stock’s 50-day moving average is $1.15 and its two-hundred day moving average is $2.36.

OneConstruction Group (NASDAQ:ONEG) last posted its quarterly earnings data on Thursday, July 23rd. The company reported ($0.42) EPS for the quarter. The company had revenue of $10.80 million during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings lowered OneConstruction Group from a “sell (d)” rating to a “sell (e+)” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

About OneConstruction Group

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.