Short Interest in Onfolio Holdings, Inc. (NASDAQ:ONFO) Declines By 19.9%

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

Onfolio Price Performance

NASDAQ ONFO traded up $0.18 during trading hours on Friday, hitting $1.30. The company had a trading volume of 67,014 shares, compared to its average volume of 189,294. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.25 and a current ratio of 0.27. The firm has a market capitalization of $6.67 million and a price-to-earnings ratio of -2.17. Onfolio has a 52 week low of $0.39 and a 52 week high of $1.80. The firm has a 50 day simple moving average of $1.09 and a 200 day simple moving average of $1.01.

Onfolio (NASDAQ:ONFO) last released its quarterly earnings data on Wednesday, August 14th. The company reported ($0.17) EPS for the quarter. The firm had revenue of $1.73 million during the quarter. Onfolio had a negative net margin of 118.43% and a negative return on equity of 59.94%.

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.