Onfolio Holdings, Inc. (NASDAQ:ONFO) Sees Large Decline in Short Interest

Onfolio Holdings, Inc. (NASDAQ:ONFO) saw a significant decline in short interest during the month of June. As of June 30th, there was short interest totalling 92,200 shares, a decline of 40.0% from the June 15th total of 153,600 shares. Based on an average daily volume of 584,300 shares, the short-interest ratio is presently 0.2 days. Currently, 2.7% of the company’s shares are sold short.

Onfolio Trading Up 3.3 %

Shares of NASDAQ:ONFO traded up $0.04 during midday trading on Friday, hitting $1.11. 20,493 shares of the stock were exchanged, compared to its average volume of 299,093. The stock has a market capitalization of $5.67 million and a price-to-earnings ratio of -0.73. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.31 and a current ratio of 0.34. The business’s 50-day moving average price is $1.01 and its 200 day moving average price is $0.68. Onfolio has a 12 month low of $0.39 and a 12 month high of $1.80.

Onfolio (NASDAQ:ONFO) last announced its earnings results on Monday, May 20th. The company reported ($0.14) EPS for the quarter. Onfolio had a negative net margin of 136.82% and a negative return on equity of 55.27%. The company had revenue of $1.59 million during the quarter.

About Onfolio

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 2018 and is based in Wilmington, Delaware.