OneConstruction Group Limited (NASDAQ:ONEG) Short Interest Down 28.4% in September

Key Points

• OneConstruction Group Limited experienced a significant drop in short interest of 28.4% in September, with short interest totaling 275,100 shares as of September 15th.
• The stock is currently trading at $12.15 and has seen a 3.1% increase, with a 52-week price range from $1.48 to $13.50.
• Analyst ratings for OneConstruction Group are mixed, with one firm upgrading to a "hold" rating while another rated it as a "sell (d-)," leading to an overall average rating of "Sell".

OneConstruction Group Limited (NASDAQ:ONEG - Get Free Report) was the target of a large drop in short interest in September. As of September 15th, there was short interest totaling 275,100 shares, a drop of 28.4% from the August 31st total of 384,100 shares. Approximately 3.9% of the shares of the stock are short sold. Based on an average trading volume of 288,600 shares, the days-to-cover ratio is presently 1.0 days. Based on an average trading volume of 288,600 shares, the days-to-cover ratio is presently 1.0 days. Approximately 3.9% of the shares of the stock are short sold.

OneConstruction Group Trading Up 3.1%

Shares of OneConstruction Group stock opened at $12.15 on Tuesday. The stock has a 50-day simple moving average of $10.48 and a 200-day simple moving average of $6.10. OneConstruction Group has a 52-week low of $1.48 and a 52-week high of $13.50.

Analyst Ratings Changes

ONEG has been the subject of several research analyst reports. Wall Street Zen upgraded shares of OneConstruction Group to a "hold" rating in a research report on Friday, August 22nd. Weiss Ratings reissued a "sell (d-)" rating on shares of OneConstruction Group in a research report on Saturday, September 27th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of "Sell".

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.

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