Short Interest in OneConstruction Group Limited (NASDAQ:ONEG) Decreases By 58.8%

OneConstruction Group Limited (NASDAQ:ONEG) saw a large drop in short interest during the month of February. As of February 27th, there was short interest totaling 142,289 shares, a drop of 58.8% from the February 12th total of 345,044 shares. Based on an average trading volume of 198,204 shares, the days-to-cover ratio is currently 0.7 days. Approximately 1.1% of the shares of the company are short sold. Approximately 1.1% of the shares of the company are short sold. Based on an average trading volume of 198,204 shares, the days-to-cover ratio is currently 0.7 days.

OneConstruction Group Price Performance

NASDAQ ONEG traded down $0.17 during trading on Thursday, hitting $1.71. 8,757 shares of the company’s stock traded hands, compared to its average volume of 302,157. OneConstruction Group has a 12-month low of $1.00 and a 12-month high of $13.50. The business has a 50 day moving average of $2.67 and a 200-day moving average of $6.02.

Institutional Inflows and Outflows

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

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.