Onfolio Holdings, Inc. (NASDAQ:ONFO) Sees Significant Decline in Short Interest

Onfolio Holdings, Inc. (NASDAQ:ONFO) was the target of a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 57,900 shares, a decrease of 17.2% from the November 15th total of 69,900 shares. Based on an average daily trading volume, of 33,900 shares, the days-to-cover ratio is currently 1.7 days. Approximately 1.8% of the company’s stock are sold short.

Onfolio Stock Up 1.1 %

NASDAQ:ONFO opened at $1.52 on Friday. The company’s 50-day simple moving average is $1.26 and its 200-day simple moving average is $1.11. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.22 and a current ratio of 0.24. Onfolio has a fifty-two week low of $0.39 and a fifty-two week high of $1.88. The stock has a market capitalization of $7.79 million and a P/E ratio of -2.53.

Onfolio Company Profile

Onfolio Holdings, Inc acquires and develops internet businesses. It provides website management, digital, advertising, and content placement services on its websites; and product sales on various sites. The company was founded in 2019 and is based in Wilmington, Delaware.