Onfolio Holdings Inc. (NASDAQ:ONFO) Short Interest Update

Onfolio Holdings Inc. (NASDAQ:ONFO) saw a significant growth in short interest in September. As of September 15th, there was short interest totaling 154,405 shares, a growth of 84.1% from the August 31st total of 83,860 shares. Based on an average daily trading volume, of 167,908 shares, the days-to-cover ratio is currently 0.9 days. Currently, 8.5% of the company’s shares are sold short.

Onfolio Stock Down 2.8%

Shares of Onfolio stock traded down $0.03 during midday trading on Tuesday, hitting $1.03. The company’s stock had a trading volume of 2,037,756 shares, compared to its average volume of 807,997. Onfolio has a 1-year low of $0.77 and a 1-year high of $123.92. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $2.52 million, a P/E ratio of -0.01 and a beta of 3.32. The stock has a 50-day simple moving average of $2.23 and a 200-day simple moving average of $22.06.

Onfolio (NASDAQ:ONFO) last posted its quarterly earnings results on Wednesday, August 19th. The company reported ($35.57) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($35.46). The business had revenue of $1.50 million for the quarter, compared to analyst estimates of $1.68 million. Onfolio had a negative net margin of 101.86% and a negative return on equity of 210.67%.

Analyst Ratings Changes

ONFO has been the topic of several analyst reports. Wall Street Zen downgraded shares of Onfolio to a “strong sell” rating in a research report on Saturday, August 15th. Weiss Ratings downgraded shares of Onfolio from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, September 14th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

About Onfolio

Onfolio Holdings Inc is an internet holding company that acquires and operates small, profitable online businesses. The company focuses on businesses with established digital operations and recurring or diversified revenue streams, seeking to support their growth through centralized management and operational expertise.

Its portfolio and business activities have included content-focused websites, e-commerce operations, subscription businesses and other digital properties. Onfolio provides services such as search engine optimization, content development, digital marketing, customer support and general business management to help improve the performance of the companies it owns.

Because its businesses operate primarily online, Onfolio serves customers across multiple geographic markets rather than focusing on a single physical region.