OFA Group (NASDAQ:OFAL) Short Interest Down 34.4% in January

OFA Group (NASDAQ:OFAL) was the target of a large decrease in short interest in January. As of January 15th, there was short interest totaling 153,864 shares, a decrease of 34.4% from the December 31st total of 234,453 shares. Currently, 1.1% of the company’s stock are sold short. Based on an average daily volume of 99,766 shares, the days-to-cover ratio is currently 1.5 days. Based on an average daily volume of 99,766 shares, the days-to-cover ratio is currently 1.5 days. Currently, 1.1% of the company’s stock are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e)” rating on shares of OFA Group in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Institutional Trading of OFA Group

A hedge fund recently bought a new stake in OFA Group stock. Virtu Financial LLC purchased a new position in OFA Group (NASDAQ:OFAL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 37,733 shares of the company’s stock, valued at approximately $47,000. Virtu Financial LLC owned about 0.27% of OFA Group at the end of the most recent quarter.

OFA Group Trading Up 4.7%

Shares of OFA Group stock traded up $0.02 during trading hours on Friday, reaching $0.38. The company’s stock had a trading volume of 243,898 shares, compared to its average volume of 150,403. OFA Group has a one year low of $0.26 and a one year high of $9.79. The company’s 50 day simple moving average is $0.62 and its 200 day simple moving average is $1.06.

About OFA Group

Through our wholly owned operating subsidiary, Office for Fine Architecture Limited, we provide comprehensive architectural services, including design and fit out services for commercial and residential buildings. The design service includes both the consultation with our staff and the actual design work and the Company provides a specific conceptualized design with layout plans, detailed design drawings, advice relating to, among other things, budgetary consideration, optimal use of space, the materials, fittings, furniture, appliances and other items to be used with an aim to produce a preliminary design plan and quotation for clients’ considerations.