Onfolio Holdings, Inc. (NASDAQ:ONFO) Short Interest Down 19.9% in October

Onfolio Holdings, Inc. (NASDAQ:ONFO) was the target of a large decrease in short interest in October. As of October 31st, there was short interest totalling 75,700 shares, a decrease of 19.9% from the October 15th total of 94,500 shares. Approximately 2.4% of the shares of the stock are sold short. Based on an average daily volume of 28,300 shares, the days-to-cover ratio is presently 2.7 days.

Onfolio Trading Up 16.1 %

Shares of NASDAQ:ONFO traded up $0.18 during trading on Friday, hitting $1.30. 67,014 shares of the company were exchanged, compared to its average volume of 21,760. Onfolio has a 1-year low of $0.39 and a 1-year high of $1.80. The company has a quick ratio of 0.25, a current ratio of 0.27 and a debt-to-equity ratio of 0.19. The business’s 50 day moving average is $1.09 and its 200-day moving average is $1.01.

Onfolio (NASDAQ:ONFO) last posted its earnings results on Wednesday, August 14th. The company reported ($0.17) earnings per share for the quarter. Onfolio had a negative return on equity of 53.33% and a negative net margin of 41.50%. The business had revenue of $1.73 million for the quarter.

Onfolio Company Profile

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.