Onfolio Holdings, Inc. (NASDAQ:ONFO) Short Interest Down 19.9% in October

Onfolio Holdings, Inc. (NASDAQ:ONFO) was the target of a significant drop in short interest in October. As of October 31st, there was short interest totalling 75,700 shares, a drop of 19.9% from the October 15th total of 94,500 shares. Currently, 2.4% of the company’s stock are short sold. Based on an average daily volume of 28,300 shares, the short-interest ratio is presently 2.7 days.

Onfolio Price Performance

Shares of Onfolio stock traded up $0.18 during trading on Friday, hitting $1.30. 67,014 shares of the stock were exchanged, compared to its average volume of 21,760. The company has a quick ratio of 0.25, a current ratio of 0.27 and a debt-to-equity ratio of 0.19. The company has a fifty day moving average price of $1.09 and a 200-day moving average price of $1.01. Onfolio has a 1-year low of $0.39 and a 1-year high of $1.80.

Onfolio (NASDAQ:ONFO) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.17) earnings per share for the quarter. The company had revenue of $1.73 million during the quarter. Onfolio had a negative net margin of 41.50% and a negative return on equity of 53.33%.

About Onfolio

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.