Onfolio Holdings Inc. (NASDAQ:ONFO) Short Interest Update

Onfolio Holdings Inc. (NASDAQ:ONFO) saw a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 104,044 shares, a decline of 34.4% from the February 26th total of 158,602 shares. Based on an average daily volume of 34,533 shares, the days-to-cover ratio is presently 3.0 days. Currently, 2.0% of the company’s stock are sold short.

Onfolio Price Performance

Shares of NASDAQ:ONFO opened at $0.69 on Friday. The company has a market cap of $3.52 million, a PE ratio of -1.49 and a beta of 3.10. Onfolio has a fifty-two week low of $0.46 and a fifty-two week high of $1.95. The firm has a 50-day simple moving average of $0.60 and a 200 day simple moving average of $0.82. The company has a quick ratio of 0.48, a current ratio of 0.49 and a debt-to-equity ratio of 0.48.

Insider Activity

In other Onfolio news, CEO Dominic Benjamin James Wells bought 59,707 shares of Onfolio stock in a transaction dated Tuesday, December 30th. The stock was bought at an average cost of $0.65 per share, for a total transaction of $38,809.55. Following the purchase, the chief executive officer owned 1,225,207 shares in the company, valued at $796,384.55. This represents a 5.12% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.52% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Onfolio in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

About Onfolio

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.