OneConstruction Group Limited (NASDAQ:ONEG) Short Interest Down 42.2% in May

OneConstruction Group Limited (NASDAQ:ONEG) saw a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 17,089 shares, a drop of 42.2% from the May 14th total of 29,573 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 235,607 shares, the days-to-cover ratio is presently 0.1 days.

OneConstruction Group Trading Down 0.8%

NASDAQ:ONEG opened at $1.23 on Friday. OneConstruction Group has a 52-week low of $0.72 and a 52-week high of $14.95. The stock has a 50-day simple moving average of $2.80 and a 200 day simple moving average of $2.35.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in OneConstruction Group stock. XTX Topco Ltd acquired a new position in shares of OneConstruction Group Limited (NASDAQ:ONEG) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 23,794 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned approximately 0.18% of OneConstruction Group as of its most recent filing with the Securities & Exchange Commission.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Wall Street Zen raised OneConstruction Group to a “hold” rating in a research report on Saturday, March 28th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of OneConstruction Group in a research report on Thursday, April 2nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, OneConstruction Group currently has a consensus 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.