Short Interest in OneConstruction Group Limited (NASDAQ:ONEG) Declines By 19.0%

OneConstruction Group Limited (NASDAQ:ONEG) was the target of a large decrease in short interest in the month of December. As of December 15th, there was short interest totaling 36,165 shares, a decrease of 19.0% from the November 30th total of 44,625 shares. Based on an average daily trading volume, of 163,365 shares, the short-interest ratio is currently 0.2 days. Approximately 0.3% of the company’s shares are short sold. Approximately 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 163,365 shares, the short-interest ratio is currently 0.2 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of OneConstruction Group in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

OneConstruction Group Price Performance

Shares of OneConstruction Group stock traded down $0.03 on Wednesday, reaching $1.28. The company had a trading volume of 29,272 shares, compared to its average volume of 69,823. The firm’s 50 day moving average price is $4.21 and its two-hundred day moving average price is $7.47. OneConstruction Group has a 52-week low of $1.00 and a 52-week high of $13.50.

OneConstruction Group Company Profile

OneConstruction Group is a structural steelwork contractor principally in Hong Kong. The Company, through its subsidiaries, specializes in the procurement and installation of structural steel for a diverse range of construction projects, serving both public and private sector clients. OneConstruction Group is based in NEW YORK.