Onfolio Holdings Inc. (NASDAQ:ONFO) Short Interest Up 35.0% in February

Onfolio Holdings Inc. (NASDAQ:ONFO) saw a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 158,602 shares, an increase of 35.0% from the February 12th total of 117,476 shares. Based on an average trading volume of 32,903 shares, the short-interest ratio is presently 4.8 days. Currently, 3.1% of the shares of the company are short sold. Currently, 3.1% of the shares of the company are short sold. Based on an average trading volume of 32,903 shares, the short-interest ratio is presently 4.8 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Onfolio in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Insiders Place Their Bets

In other news, CEO Dominic Benjamin James Wells purchased 59,707 shares of the stock in a transaction on Tuesday, December 30th. The shares were acquired at an average price of $0.65 per share, with a total value of $38,809.55. Following the completion of the acquisition, the chief executive officer directly owned 1,225,207 shares of the company’s stock, valued at $796,384.55. This trade represents a 5.12% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.52% of the stock is owned by corporate insiders.

Onfolio Trading Up 14.1%

Shares of NASDAQ ONFO opened at $0.62 on Tuesday. Onfolio has a 1-year low of $0.46 and a 1-year high of $1.95. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.49 and a quick ratio of 0.48. The business’s 50 day moving average is $0.61 and its two-hundred day moving average is $0.84. The stock has a market capitalization of $3.16 million, a P/E ratio of -1.34 and a beta of 3.10.

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 2019 and is based in Wilmington, Delaware.