OFA Group (NASDAQ:OFAL) Sees Large Decrease in Short Interest

OFA Group (NASDAQ:OFAL) saw a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 153,864 shares, a drop of 34.4% from the December 31st total of 234,453 shares. Approximately 1.1% of the shares of the company are short sold. Based on an average daily trading volume, of 99,766 shares, the days-to-cover ratio is presently 1.5 days. Based on an average daily trading volume, of 99,766 shares, the days-to-cover ratio is presently 1.5 days. Approximately 1.1% of the shares of the company are short sold.

OFA Group Price Performance

Shares of OFAL traded up $0.02 during trading hours on Friday, reaching $0.38. 243,898 shares of the company’s stock traded hands, compared to its average volume of 150,403. OFA Group has a twelve month low of $0.26 and a twelve month high of $9.79. The business’s fifty day simple moving average is $0.62 and its two-hundred day simple moving average is $1.06.

Institutional Trading of OFA Group

A hedge fund recently bought a new stake in OFA Group stock. Virtu Financial LLC acquired a new stake in OFA Group (NASDAQ:OFAL) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 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 reporting period.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e)” rating on shares of OFA Group in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, OFA Group presently has an average rating of “Sell”.

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.