OneConstruction Group Limited (NASDAQ:ONEG) Short Interest Update

OneConstruction Group Limited (NASDAQ:ONEG) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 322,300 shares, a growth of 51.2% from the September 30th total of 213,200 shares. Approximately 4.6% of the company’s stock are short sold. Based on an average daily volume of 260,700 shares, the days-to-cover ratio is currently 1.2 days. Based on an average daily volume of 260,700 shares, the days-to-cover ratio is currently 1.2 days. Approximately 4.6% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Wall Street Zen raised shares of OneConstruction Group to a “hold” rating in a research note on Friday, August 22nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of OneConstruction Group in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

OneConstruction Group Price Performance

ONEG opened at $10.51 on Tuesday. OneConstruction Group has a fifty-two week low of $1.48 and a fifty-two week high of $13.50. The company’s 50-day moving average is $11.84 and its 200 day moving average is $7.47.

About OneConstruction Group

OneConstruction Group is a structural steelwork contractor principally in Hong Kong. The Company, through its subsidiaries, specializes in the procurement and installation of structural steel for a diverse range of construction projects, serving both public and private sector clients. OneConstruction Group is based in NEW YORK.