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

OFA Group (NASDAQ:OFAL) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 26,205 shares, a decline of 79.0% from the July 15th total of 124,842 shares. Based on an average daily volume of 140,619 shares, the days-to-cover ratio is currently 0.2 days. Approximately 1.3% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of OFA Group in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in OFA Group stock. Virtu Financial LLC bought a new position in shares of OFA Group (NASDAQ:OFAL) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 37,733 shares of the company’s stock, valued at approximately $47,000. Virtu Financial LLC owned 0.27% of OFA Group at the end of the most recent quarter.

OFA Group Price Performance

Shares of NASDAQ OFAL traded down $0.54 during mid-day trading on Friday, reaching $1.09. 2,665,530 shares of the company’s stock were exchanged, compared to its average volume of 10,387,141. OFA Group has a twelve month low of $0.58 and a twelve month high of $17.50. The business has a fifty day simple moving average of $1.57 and a 200 day simple moving average of $3.77. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.04.

OFA Group (NASDAQ:OFAL) last released its quarterly earnings results on Friday, August 14th. The company reported ($0.72) earnings per share for the quarter.

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.