OFA Group (NASDAQ:OFAL) Short Interest Down 28.3% in February

OFA Group (NASDAQ:OFAL) saw a large decline in short interest in February. As of February 27th, there was short interest totaling 132,779 shares, a decline of 28.3% from the February 12th total of 185,261 shares. Based on an average daily trading volume, of 280,294 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.9% of the shares of the stock are short sold. Currently, 0.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 280,294 shares, the days-to-cover ratio is currently 0.5 days.

OFA Group Trading Down 3.2%

OFAL stock traded down $0.01 during trading hours on Friday, hitting $0.39. 19,385 shares of the stock traded hands, compared to its average volume of 161,224. The stock has a 50-day simple moving average of $0.46 and a 200 day simple moving average of $0.81. OFA Group has a one year low of $0.26 and a one year high of $9.79.

OFA Group (NASDAQ:OFAL) last issued its quarterly earnings results on Thursday, February 26th. The company reported ($0.14) EPS for the quarter. The business had revenue of $0.32 million for the quarter.

Institutional Trading of OFA Group

An institutional investor recently bought a new position in OFA Group stock. Virtu Financial LLC bought a new position in shares of OFA Group (NASDAQ:OFAL) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 37,733 shares of the company’s stock, valued at approximately $47,000. Virtu Financial LLC owned approximately 0.27% of OFA Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of OFA Group in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, OFA Group has an average 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.