Onfolio Holdings, Inc. (NASDAQ:ONFO) Sees Significant Decrease in Short Interest

Onfolio Holdings, Inc. (NASDAQ:ONFO) was the recipient of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 30,400 shares, a drop of 51.5% from the February 13th total of 62,700 shares. Approximately 0.9% of the shares of the company are sold short. Based on an average daily trading volume, of 60,200 shares, the short-interest ratio is currently 0.5 days.

Onfolio Stock Performance

NASDAQ:ONFO traded up $0.03 during midday trading on Friday, reaching $1.26. The stock had a trading volume of 12,261 shares, compared to its average volume of 16,897. The firm has a fifty day simple moving average of $1.28 and a two-hundred day simple moving average of $1.23. Onfolio has a 12-month low of $0.39 and a 12-month high of $1.88. The company has a quick ratio of 0.22, a current ratio of 0.24 and a debt-to-equity ratio of 0.25. The stock has a market cap of $6.46 million and a P/E ratio of -2.10.

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.