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

Onfolio Holdings, Inc. (NASDAQ:ONFO) was the target of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 30,400 shares, a decline of 51.5% from the February 13th total of 62,700 shares. Based on an average trading volume of 60,200 shares, the short-interest ratio is currently 0.5 days. Currently, 0.9% of the company’s shares are short sold.

Onfolio Price Performance

NASDAQ ONFO remained flat at $1.23 during trading on Friday. The company’s stock had a trading volume of 11,789 shares, compared to its average volume of 16,888. The company has a market capitalization of $6.31 million and a P/E ratio of -2.05. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.24 and a quick ratio of 0.22. Onfolio has a 52 week low of $0.39 and a 52 week high of $1.88. The business’s fifty day moving average is $1.28 and its 200 day moving average is $1.23.

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.