OFA Group (NASDAQ:OFAL) Short Interest Update

OFA Group (NASDAQ:OFAL) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 231,336 shares, an increase of 59.5% from the May 14th total of 144,993 shares. Based on an average trading volume of 1,007,968 shares, the days-to-cover ratio is currently 0.2 days. Approximately 3.6% of the company’s stock are sold short.

Hedge Funds Weigh In On OFA Group

An institutional investor recently bought a new position in OFA Group stock. Virtu Financial LLC acquired a new position in shares of OFA Group (NASDAQ:OFAL) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 37,733 shares of the company’s stock, valued at approximately $47,000. Virtu Financial LLC owned approximately 0.27% of OFA Group at the end of the most recent reporting period.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of OFA Group in a research note on Friday, May 1st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, OFA Group presently has an average rating of “Sell”.

OFA Group Stock Up 4.8%

OFA Group stock traded up $0.01 during trading hours on Wednesday, reaching $0.24. 89,816 shares of the stock were exchanged, compared to its average volume of 391,788. OFA Group has a 52-week low of $0.21 and a 52-week high of $3.37. The firm’s 50 day moving average is $0.49 and its 200 day moving average is $0.52.

OFA Group (NASDAQ:OFAL) last issued its quarterly earnings data on Tuesday, June 9th. The company reported ($0.21) earnings per share for the quarter. The firm had revenue of $0.02 million for the quarter.

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.