Short Interest in OFA Group (NASDAQ:OFAL) Rises By 29.4%

OFA Group (NASDAQ:OFAL) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 234,453 shares, a growth of 29.4% from the December 15th total of 181,211 shares. Based on an average daily trading volume, of 84,853 shares, the days-to-cover ratio is presently 2.8 days. Currently, 1.6% of the company’s shares are short sold. Currently, 1.6% of the company’s shares are short sold. Based on an average daily trading volume, of 84,853 shares, the days-to-cover ratio is presently 2.8 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e)” rating on shares of OFA Group in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Institutional Inflows and Outflows

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 SEC. The firm purchased 37,733 shares of the company’s stock, valued at approximately $47,000. Virtu Financial LLC owned approximately 0.27% of OFA Group at the end of the most recent quarter.

OFA Group Price Performance

Shares of NASDAQ OFAL traded down $0.05 on Friday, hitting $0.43. The company had a trading volume of 943,379 shares, compared to its average volume of 88,899. OFA Group has a 12-month low of $0.42 and a 12-month high of $9.79. The business has a 50 day moving average of $0.68 and a two-hundred day moving average of $1.18.

OFA Group Company Profile

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.