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

OneConnect Financial Technology Co., Ltd. (NYSE:OCFT) saw 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. Based on an average daily trading volume, of 94,700 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.3% of the shares of the stock are short sold.

OneConnect Financial Technology Trading Up 2.0 %

OCFT stock opened at $6.63 on Wednesday. OneConnect Financial Technology has a 52 week low of $0.87 and a 52 week high of $6.90. The company has a market capitalization of $258.56 million, a price-to-earnings ratio of 60.28 and a beta of 0.57. The firm’s 50-day moving average is $4.09 and its two-hundred day moving average is $2.93.

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

About OneConnect Financial Technology

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.