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

by · The Markets Daily

OneConstruction Group Limited (NASDAQ:ONEG – Get Free Report) saw a significant drop in short interest in January. As of January 15th, there was short interest totaling 18,591 shares, a drop of 55.6% from the December 31st total of 41,897 shares. Based on an average daily trading volume, of 256,056 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are short sold. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 256,056 shares, the short-interest ratio is presently 0.1 days.

OneConstruction Group Stock Performance

OneConstruction Group stock traded up $0.46 during mid-day trading on Thursday, hitting $5.30. 170,723 shares of the company were exchanged, compared to its average volume of 298,706. OneConstruction Group has a 12-month low of $1.00 and a 12-month high of $13.50. The business’s 50 day simple moving average is $1.68 and its two-hundred day simple moving average is $6.97.

Analysts Set New Price Targets

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

Check Out Our Latest Stock Analysis on OneConstruction Group

OneConstruction Group Company Profile

(Get Free Report)

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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