OFX Group Limited (OTCMKTS:OZFRY) Sees Large Increase in Short Interest

OFX Group Limited (OTCMKTS:OZFRY – Get Free Report) was the target of a large increase in short interest in May. As of May 15th, there was short interest totaling 5,326 shares, an increase of 301.7% from the April 30th total of 1,326 shares. Based on an average trading volume of 2,655 shares, the short-interest ratio is currently 2.0 days.

OFX Group Price Performance

Shares of OZFRY remained flat at $2.15 during trading hours on Friday. OFX Group has a 12-month low of $1.58 and a 12-month high of $2.99. The company has a 50 day moving average of $2.04 and a 200-day moving average of $1.91.

OFX Group Company Profile

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OFX Group is a global provider of online foreign exchange and international payment services. The company operates a digital platform that enables individuals, small businesses, and larger institutions to send and receive money across borders at competitive exchange rates. Its core offering includes spot and forward currency contracts, risk management tools, and multi-currency accounts designed to streamline cross-border transactions.

Originally founded in Sydney in 1998 under the name OzForex, OFX Group has grown through organic expansion and acquisitions to establish a presence in major financial markets.

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