OFA Group (NASDAQ:OFAL) Short Interest Update

OFA Group (NASDAQ:OFAL) was the target of a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 132,779 shares, a decline of 28.3% from the February 12th total of 185,261 shares. Currently, 0.9% of the shares of the stock are sold short. Based on an average trading volume of 280,294 shares, the days-to-cover ratio is currently 0.5 days. Based on an average trading volume of 280,294 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.9% of the shares of the stock are sold short.

OFA Group Stock Up 3.8%

Shares of OFAL traded up $0.02 during trading hours on Monday, hitting $0.41. The stock had a trading volume of 163,137 shares, compared to its average volume of 171,201. The company’s fifty day moving average is $0.46 and its two-hundred day moving average is $0.80. OFA Group has a 52 week low of $0.26 and a 52 week high of $9.79.

OFA Group (NASDAQ:OFAL) last released its quarterly earnings results on Thursday, February 26th. The company reported ($0.14) EPS for the quarter. The business had revenue of $0.32 million for the quarter.

Institutional Investors Weigh In On OFA Group

An institutional investor recently bought a new position in OFA Group stock. Virtu Financial LLC acquired a new stake in OFA Group (NASDAQ:OFAL) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 37,733 shares of the company’s stock, valued at approximately $47,000. Virtu Financial LLC owned about 0.27% of OFA Group as of its most recent filing with the SEC.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated 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 has an average rating of “Sell”.

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.