Short Interest in OFA Group (NASDAQ:OFAL) Grows By 2,447.5%

OFA Group (NASDAQ:OFAL) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 667,574 shares, a growth of 2,447.5% from the July 30th total of 26,205 shares. Based on an average daily volume of 20,220,990 shares, the days-to-cover ratio is presently 0.0 days. Approximately 32.7% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of OFA Group in a research report on Wednesday, July 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, OFA Group has a consensus rating of “Sell”.

OFA Group Stock Performance

NASDAQ:OFAL traded up $0.32 during mid-day trading on Tuesday, hitting $1.05. The stock had a trading volume of 78,140,956 shares, compared to its average volume of 1,850,561. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.05. The company has a 50 day simple moving average of $1.40 and a 200-day simple moving average of $3.63. The stock has a market capitalization of $4.87 million, a price-to-earnings ratio of -1.46 and a beta of 1.17. OFA Group has a 52 week low of $0.58 and a 52 week high of $17.50.

OFA Group (NASDAQ:OFAL) last posted its earnings results on Friday, August 14th. The company reported ($0.72) EPS for the quarter. The business had revenue of $14.88 million for the quarter.

Hedge Funds Weigh In On OFA Group

A hedge fund recently bought a new position in OFA Group stock. Virtu Financial LLC bought a new stake in OFA Group (NASDAQ:OFAL) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 37,733 shares of the company’s stock, valued at approximately $47,000. Virtu Financial LLC owned 0.27% of OFA Group at the end of the most recent reporting period.

OFA Group Company Profile

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.