OneConnect Financial Technology Co., Ltd. (NYSE:OCFT) Short Interest Update

OneConnect Financial Technology Co., Ltd. (NYSE:OCFT) was the target of a large growth in short interest in 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 shares of the stock are short sold. Based on an average daily volume of 94,700 shares, the days-to-cover ratio is currently 1.0 days.

OneConnect Financial Technology Price Performance

NYSE OCFT opened at $6.63 on Wednesday. The company’s 50 day simple moving average is $4.09 and its 200 day simple moving average is $2.93. The company has a market capitalization of $258.56 million, a P/E ratio of 60.28 and a beta of 0.57. OneConnect Financial Technology has a 12 month low of $0.87 and a 12 month high of $6.90.

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

OneConnect Financial Technology Company Profile

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.