OneConnect Financial Technology Co., Ltd. (NYSE:OCFT) Short Interest Up 30.3% in February

OneConnect Financial Technology Co., Ltd. (NYSE:OCFT) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 95,900 shares, an increase of 30.3% from the February 13th total of 73,600 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 94,700 shares, the short-interest ratio is currently 1.0 days.

OneConnect Financial Technology Price Performance

OCFT stock traded down $0.04 during trading on Monday, reaching $6.48. The company had a trading volume of 81,728 shares, compared to its average volume of 66,596. OneConnect Financial Technology has a 52 week low of $0.87 and a 52 week high of $6.90. The company has a market cap of $252.52 million, a P/E ratio of 59.05 and a beta of 0.57. The business has a 50 day moving average of $3.92 and a 200 day moving average of $2.85.

About OneConnect Financial Technology

OneConnect Financial Technology Co, Ltd. provides cloud-platform-based Fintech solutions, and online information and operating support services for financial institutions in the People's Republic of China. It operates in Technology Solutions and Virtual Bank Business segments. The company offers Gamma Platform, which offers a toolbox of separate solution modules that provide technology infrastructure and underlying technologies; marketing management platform, developed from AI Banker App, provides banks relationship managers with technology that supports in managing their acquisition and relationships with retail customers; and wealth management platform that provides banks with tools to enhance the efficiency of their wealth management business.