OneConnect Financial Technology Co., Ltd. (NYSE:OCFT) Short Interest Down 22.2% in December

OneConnect Financial Technology Co., Ltd. (NYSE:OCFTGet Free Report) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 56,900 shares, a drop of 22.2% from the December 15th total of 73,100 shares. Based on an average daily volume of 50,600 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.2% of the company’s shares are sold short.

OneConnect Financial Technology Stock Performance

Shares of NYSE OCFT opened at $2.72 on Wednesday. The company’s 50 day moving average price is $2.52 and its 200-day moving average price is $2.08. OneConnect Financial Technology has a 52-week low of $0.87 and a 52-week high of $4.98. The company has a market capitalization of $106.08 million, a P/E ratio of 24.73 and a beta of 0.65.

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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