OFA Group (NASDAQ:OFAL) Short Interest Update

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of OFA Group in a research report on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Institutional Investors 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 OFA Group (NASDAQ:OFAL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 37,733 shares of the company’s stock, valued at approximately $47,000. Virtu Financial LLC owned approximately 0.27% of OFA Group as of its most recent filing with the SEC.

OFA Group Price Performance

NASDAQ OFAL opened at $0.58 on Friday. The company has a 50 day simple moving average of $0.81 and a 200-day simple moving average of $1.30. OFA Group has a 52-week low of $0.55 and a 52-week high of $9.79.

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.