OFA Group (NASDAQ:OFAL) Stock Short Interest Report for October

OFA Group (NASDAQ:OFAL) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 540,180 shares, an increase of 224.5% from the September 30th total of 166,458 shares. Based on an average daily volume of 30,075,760 shares, the short-interest ratio is currently 0.0 days. Currently, 5.1% of the company’s stock are short sold.

OFA Group Stock Performance

NASDAQ OFAL traded down $0.02 during trading hours on Friday, hitting $0.29. The company had a trading volume of 58,575 shares, compared to its average volume of 3,741,845. The company has a market cap of $6.97 million, a PE ratio of -0.41 and a beta of 1.28. OFA Group has a 1-year low of $0.28 and a 1-year high of $10.60. The business has a 50 day moving average of $0.55 and a 200-day moving average of $2.96. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.40 and a current ratio of 0.40.

OFA Group (NASDAQ:OFAL) last released its quarterly earnings results on Saturday, August 15th. The company reported ($0.72) earnings per share (EPS) for the quarter. The company had revenue of $0.01 million during the quarter.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on OFAL. Weiss Ratings restated a “sell (e+)” rating on shares of OFA Group in a research note on Wednesday, July 29th. Wall Street Zen upgraded OFA Group to a “sell” rating in a report on Saturday, September 12th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, OFA Group has a consensus rating of “Sell”.

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.