OneConstruction Group Limited (NASDAQ:ONEG) Sees Significant Drop in Short Interest

OneConstruction Group Limited (NASDAQ:ONEG) was the recipient of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 275,100 shares, a decline of 28.4% from the August 31st total of 384,100 shares. Approximately 3.9% of the company’s shares are sold short. Based on an average daily trading volume, of 288,600 shares, the short-interest ratio is presently 1.0 days. Based on an average daily trading volume, of 288,600 shares, the short-interest ratio is presently 1.0 days. Approximately 3.9% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Several equities analysts have commented on ONEG shares. Wall Street Zen upgraded OneConstruction Group to a “hold” rating in a report on Friday, August 22nd. Weiss Ratings reissued a “sell (d-)” rating on shares of OneConstruction Group in a research note on Wednesday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, OneConstruction Group currently has an average rating of “Sell”.

OneConstruction Group Stock Performance

Shares of OneConstruction Group stock opened at $11.93 on Thursday. The company’s 50 day moving average price is $10.72 and its two-hundred day moving average price is $6.18. OneConstruction Group has a fifty-two week low of $1.48 and a fifty-two week high of $13.50.

About OneConstruction Group

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.