OFA Group (NASDAQ:OFAL) Stock Short Interest Report for October

OFA Group (NASDAQ:OFAL) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 540,180 shares, an increase of 224.5% from the September 30th total of 166,458 shares. Approximately 5.1% of the company’s shares are sold short. Based on an average daily trading volume, of 30,075,760 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Wall Street Zen raised shares of OFA Group to a “sell” rating in a research note on Saturday, September 12th. Weiss Ratings reissued a “sell (e+)” rating on shares of OFA Group in a research note on Wednesday, July 29th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, OFA Group presently has a consensus rating of “Sell”.

OFA Group Stock Down 1.3%

Shares of NASDAQ OFAL opened at $0.30 on Thursday. OFA Group has a 1 year low of $0.30 and a 1 year high of $10.60. The firm has a 50-day simple moving average of $0.56 and a two-hundred day simple moving average of $2.98. The company has a market cap of $7.26 million, a P/E ratio of -0.42 and a beta of 1.28. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.40 and a quick ratio of 0.40.

OFA Group (NASDAQ:OFAL) last released its earnings results on Saturday, August 15th. The company reported ($0.72) EPS for the quarter. The firm had revenue of $0.01 million during the quarter.

About OFA Group

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.