OFA Group (NASDAQ:OFAL) Sees Large Increase in Short Interest

OFA Group (NASDAQ:OFAL) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 181,211 shares, an increase of 75.1% from the November 30th total of 103,479 shares. Approximately 1.3% of the company’s shares are sold short. Based on an average daily trading volume, of 63,465 shares, the days-to-cover ratio is currently 2.9 days. Based on an average daily trading volume, of 63,465 shares, the days-to-cover ratio is currently 2.9 days. Approximately 1.3% of the company’s shares are sold short.

Hedge Funds Weigh In On OFA Group

A hedge fund recently bought a new stake in OFA Group stock. Virtu Financial LLC purchased a new stake in shares of OFA Group (NASDAQ:OFAL) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 37,733 shares of the company’s stock, valued at approximately $47,000. Virtu Financial LLC owned about 0.27% of OFA Group at the end of the most recent quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e)” rating on shares of OFA Group in a research note on Monday, December 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

OFA Group Stock Performance

Shares of OFAL stock opened at $0.68 on Tuesday. OFA Group has a 12 month low of $0.53 and a 12 month high of $9.79. The firm has a fifty day simple moving average of $0.80 and a two-hundred day simple moving average of $1.28.

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.