OneConstruction Group Limited (NASDAQ:ONEG) Sees Large Growth in Short Interest

OneConstruction Group Limited (NASDAQ:ONEG) was the recipient of a large increase in short interest in February. As of February 13th, there was short interest totaling 345,044 shares, an increase of 169.5% from the January 29th total of 128,033 shares. Based on an average daily volume of 480,658 shares, the days-to-cover ratio is currently 0.7 days. Currently, 2.7% of the company’s stock are sold short. Currently, 2.7% of the company’s stock are sold short. Based on an average daily volume of 480,658 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in OneConstruction Group stock. XTX Topco Ltd bought a new position in OneConstruction Group Limited (NASDAQ:ONEG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 23,794 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned about 0.18% of OneConstruction Group as of its most recent filing with the Securities and Exchange Commission.

OneConstruction Group Stock Down 5.2%

Shares of ONEG opened at $1.46 on Friday. The business’s 50 day moving average is $2.58 and its two-hundred day moving average is $6.57. OneConstruction Group has a 52-week low of $1.00 and a 52-week high of $13.50.

About OneConstruction Group

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.