OneConstruction Group Limited (NASDAQ:ONEG) Sees Large Increase in Short Interest

OneConstruction Group Limited (NASDAQ:ONEG) saw a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 41,653 shares, an increase of 185.0% from the October 15th total of 14,615 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 9,978,315 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of OneConstruction Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, August 31st. One analyst has rated the stock with a Sell rating. According to MarketBeat, the company currently has an average rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently raised its position in OneConstruction Group stock. StoneX Group Inc. raised its stake in shares of OneConstruction Group Limited (NASDAQ:ONEG) by 119.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,114 shares of the company’s stock after buying an additional 16,378 shares during the quarter. StoneX Group Inc. owned about 0.19% of OneConstruction Group worth $31,000 at the end of the most recent reporting period.

OneConstruction Group Stock Up 0.9%

Shares of NASDAQ:ONEG traded up $0.01 during midday trading on Friday, reaching $1.09. 81,109 shares of the company traded hands, compared to its average volume of 6,068,048. The company has a debt-to-equity ratio of 78.83, a quick ratio of 2.54 and a current ratio of 2.54. OneConstruction Group has a 12 month low of $0.64 and a 12 month high of $14.95. The firm’s fifty day moving average price is $1.01 and its two-hundred day moving average price is $1.85.

About OneConstruction Group

OneConstruction Group Limited is a construction contractor serving customers in Hong Kong. Through its operating subsidiaries, the company undertakes building construction and foundation works for public- and private-sector clients. Its services include new building construction, renovation and alteration work, as well as foundation-related projects such as piling, site formation and excavation. The company operates in Hong Kong’s construction market.