Onfolio (NASDAQ:ONFO) Shares Up 4%

Onfolio Holdings, Inc. (NASDAQ:ONFO) shot up 4% on Wednesday . The company traded as high as $0.44 and last traded at $0.42. 43,816 shares were traded during mid-day trading, an increase of 71% from the average session volume of 25,612 shares. The stock had previously closed at $0.40.

Onfolio Stock Up 4.0 %

The firm has a market capitalization of $2.13 million and a price-to-earnings ratio of -0.25. The stock’s 50 day moving average price is $0.49 and its two-hundred day moving average price is $0.58.

Institutional Investors Weigh In On Onfolio

A hedge fund recently bought a new stake in Onfolio stock. Renaissance Technologies LLC bought a new stake in Onfolio Holdings, Inc. (NASDAQ:ONFO) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 18,375 shares of the company’s stock, valued at approximately $29,000. Renaissance Technologies LLC owned 0.36% of Onfolio as of its most recent filing with the Securities and Exchange Commission (SEC). 0.77% of the stock is owned by institutional investors and hedge funds.

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.