OneConstruction Group Limited (NASDAQ:ONEG) Sees Large Decrease in Short Interest

by · The Cerbat Gem

OneConstruction Group Limited (NASDAQ:ONEG – Get Free Report) was the recipient of a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 36,165 shares, a decline of 19.0% from the November 30th total of 44,625 shares. Based on an average daily volume of 163,365 shares, the short-interest ratio is presently 0.2 days. Currently, 0.3% of the company’s shares are short sold. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 163,365 shares, the short-interest ratio is presently 0.2 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of OneConstruction Group in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, OneConstruction Group presently has a consensus rating of “Sell”.

Read Our Latest Report on ONEG

OneConstruction Group Price Performance

Shares of ONEG opened at $1.28 on Thursday. OneConstruction Group has a 12-month low of $1.00 and a 12-month high of $13.50. The firm has a fifty day moving average price of $4.21 and a 200-day moving average price of $7.47.

About OneConstruction Group

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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.

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