Short Interest in Onfolio Holdings, Inc. (NASDAQ:ONFO) Drops By 15.9%

Onfolio Holdings, Inc. (NASDAQ:ONFO) was the recipient of a significant decline in short interest in October. As of October 31st, there was short interest totalling 84,400 shares, a decline of 15.9% from the October 15th total of 100,300 shares. Currently, 2.6% of the shares of the stock are short sold. Based on an average trading volume of 87,100 shares, the days-to-cover ratio is currently 1.0 days.

Onfolio Trading Up 2.4 %

Shares of NASDAQ ONFO opened at $0.66 on Monday. The company has a market cap of $3.37 million and a price-to-earnings ratio of -0.65. Onfolio has a 12 month low of $0.53 and a 12 month high of $2.40. The stock has a 50-day moving average price of $0.81 and a two-hundred day moving average price of $1.02.

Onfolio (NASDAQ:ONFO) last issued its earnings results on Monday, August 14th. The company reported ($0.26) EPS for the quarter. The business had revenue of $1.31 million for the quarter. Onfolio had a negative return on equity of 8,169.12% and a negative net margin of 273.40%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Onfolio stock. Renaissance Technologies LLC acquired a new stake in Onfolio Holdings, Inc. (NASDAQ:ONFO) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 18,375 shares of the company’s stock, valued at approximately $29,000. Renaissance Technologies LLC owned 0.36% of Onfolio at the end of the most recent reporting period.

About Onfolio

Onfolio Holdings, Inc acquires and develops internet businesses. It provides website management, digital, advertising, and content placement services on its websites; and product sales on various sites. The company was founded in 2018 and is based in Wilmington, Delaware.