Onfolio Holdings, Inc. (NASDAQ:ONFO) Sees Large Drop in Short Interest

Onfolio Holdings, Inc. (NASDAQ:ONFOGet Free Report) was the target of a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 65,400 shares, a decline of 25.4% from the January 15th total of 87,700 shares. Based on an average daily volume of 63,500 shares, the days-to-cover ratio is presently 1.0 days. Approximately 2.0% of the company’s stock are sold short.

Onfolio Stock Down 3.1 %

NASDAQ ONFO traded down $0.05 during trading on Friday, hitting $1.41. The stock had a trading volume of 7,279 shares, compared to its average volume of 13,343. The company has a market capitalization of $7.21 million and a PE ratio of -2.34. The company’s 50-day moving average price is $1.35 and its two-hundred day moving average price is $1.17. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.22 and a current ratio of 0.24. Onfolio has a 12 month low of $0.39 and a 12 month high of $1.88.

About Onfolio

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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.

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