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OneConnect Financial Technology Co., Ltd. (NYSE:OCFT) Sees Large Increase in Short Interest

OneConnect Financial Technology logo with Business Services background
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OneConnect Financial Technology Co., Ltd. (NYSE:OCFT - Get Free Report) saw a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 95,900 shares, a growth of 30.3% from the February 13th total of 73,600 shares. Currently, 0.3% of the company's stock are sold short. Based on an average trading volume of 94,700 shares, the short-interest ratio is presently 1.0 days.

OneConnect Financial Technology Trading Up 0.7 %

NYSE OCFT traded up $0.05 during trading hours on Friday, hitting $6.75. The company's stock had a trading volume of 44,687 shares, compared to its average volume of 67,626. OneConnect Financial Technology has a 52 week low of $0.87 and a 52 week high of $6.90. The company's 50-day simple moving average is $4.25 and its two-hundred day simple moving average is $2.98. The company has a market capitalization of $263.13 million, a PE ratio of 61.34 and a beta of 0.57.

OneConnect Financial Technology (NYSE:OCFT - Get Free Report) last released its quarterly earnings results on Tuesday, March 18th. The company reported ($0.45) earnings per share for the quarter. OneConnect Financial Technology had a net margin of 0.95% and a negative return on equity of 6.05%. The firm had revenue of $57.74 million for the quarter.

OneConnect Financial Technology Company Profile

(Get Free Report)

OneConnect Financial Technology Co, Ltd. provides cloud-platform-based Fintech solutions, and online information and operating support services for financial institutions in the People's Republic of China. It operates in Technology Solutions and Virtual Bank Business segments. The company offers Gamma Platform, which offers a toolbox of separate solution modules that provide technology infrastructure and underlying technologies; marketing management platform, developed from AI Banker App, provides banks relationship managers with technology that supports in managing their acquisition and relationships with retail customers; and wealth management platform that provides banks with tools to enhance the efficiency of their wealth management business.

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