OFA Group (NASDAQ:OFAL) Shares Shorted: Short Interest Up 68.8% in September

OFA Group (NASDAQ:OFAL) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 244,481 shares, a growth of 68.8% from the August 31st total of 144,827 shares. Based on an average daily volume of 10,744,478 shares, the days-to-cover ratio is currently 0.0 days. Currently, 12.0% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Several research firms have issued reports on OFAL. Weiss Ratings restated a “sell (e+)” rating on shares of OFA Group in a research report on Wednesday, July 29th. Wall Street Zen upgraded OFA Group to a “sell” rating in a research report on Saturday, September 12th. 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 Down 2.9%

NASDAQ:OFAL traded down $0.01 during trading hours on Wednesday, hitting $0.51. 97,960 shares of the company’s stock traded hands, compared to its average volume of 2,394,167. The stock’s fifty day moving average price is $0.82 and its two-hundred day moving average price is $2.89. The firm has a market cap of $12.04 million, a P/E ratio of -0.70 and a beta of 1.11. 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 has a twelve month low of $0.45 and a twelve month high of $12.90.

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

OFA Group Company Profile

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.