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

Onfolio Holdings Inc. (NASDAQ:ONFO) was the target of a large increase in short interest in April. As of April 30th, there was short interest totaling 901,491 shares, an increase of 1,932.3% from the April 15th total of 44,359 shares. Currently, 15.5% of the company’s stock are short sold. Based on an average trading volume of 26,324,043 shares, the days-to-cover ratio is presently 0.0 days.

Onfolio Stock Performance

ONFO traded up $0.02 on Wednesday, reaching $1.16. The company had a trading volume of 99,401 shares, compared to its average volume of 3,411,181. The company has a quick ratio of 0.43, a current ratio of 0.44 and a debt-to-equity ratio of 0.19. Onfolio has a 1 year low of $0.46 and a 1 year high of $2.48. The stock has a market capitalization of $6.77 million, a PE ratio of -1.96 and a beta of 3.67. The stock has a 50-day moving average price of $0.85 and a 200-day moving average price of $0.80.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Onfolio from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

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.