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

Onfolio Holdings Inc. (NASDAQ:ONFO) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 134,463 shares, an increase of 118.7% from the July 15th total of 61,484 shares. Currently, 2.6% of the shares of the company are short sold. Based on an average daily volume of 49,971,869 shares, the days-to-cover ratio is currently 0.0 days.

Onfolio Stock Performance

Shares of NASDAQ ONFO traded up $0.28 during mid-day trading on Friday, hitting $2.59. 84,425,217 shares of the company were exchanged, compared to its average volume of 1,820,731. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.16. The stock has a 50 day simple moving average of $10.33 and a 200-day simple moving average of $27.90. Onfolio has a 1-year low of $2.06 and a 1-year high of $123.92. The firm has a market cap of $362,600.00, a price-to-earnings ratio of -0.06 and a beta of 3.57.

Onfolio (NASDAQ:ONFO) last posted its quarterly earnings data on Friday, May 15th. The company reported ($16.00) earnings per share for the quarter, missing analysts’ consensus estimates of ($5.50) by ($10.50). Onfolio had a negative net margin of 44.11% and a negative return on equity of 80.51%. The firm had revenue of $1.87 million during the quarter, compared to analysts’ expectations of $1.68 million.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Onfolio to a “strong sell” rating in a research note on Saturday. Weiss Ratings upgraded Onfolio from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, May 28th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently 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.