OneConstruction Group Limited (NASDAQ:ONEG) Short Interest Up 1,397.2% in June

OneConstruction Group Limited (NASDAQ:ONEG) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 255,856 shares, a growth of 1,397.2% from the May 31st total of 17,089 shares. Currently, 2.0% of the shares of the stock are sold short. Based on an average trading volume of 1,892,447 shares, the short-interest ratio is currently 0.1 days.

OneConstruction Group Stock Performance

Shares of ONEG traded down $0.10 during trading hours on Thursday, reaching $1.53. 152,809 shares of the company’s stock traded hands, compared to its average volume of 1,195,271. The firm’s 50 day simple moving average is $2.55 and its 200-day simple moving average is $2.39. OneConstruction Group has a 12 month low of $0.72 and a 12 month high of $14.95.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of OneConstruction Group in a report on Thursday, April 2nd. Wall Street Zen raised shares of OneConstruction Group to a “hold” rating in a report on Saturday, March 28th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, OneConstruction Group has a consensus rating of “Sell”.

Institutional Investors Weigh In On OneConstruction Group

A hedge fund recently bought a new stake in OneConstruction Group stock. XTX Topco Ltd bought a new stake in shares of OneConstruction Group Limited (NASDAQ:ONEG) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 23,794 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned about 0.18% of OneConstruction Group at the end of the most recent reporting period.

OneConstruction Group Company Profile

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.