OneConnect Financial Technology Co., Ltd. (NYSE: OCFT – Get Rating) was the target of a sharp hike in short-term interest in July. As of July 15, there was short interest for a total of 3,800,000 shares, an increase of 48.4% over the June 30th total of 2,560,000 shares. Based on an average daily trading volume of 1,680,000 shares, the short-term interest ratio is currently 2.3 days. About 1.0% of the company’s shares are sold short.
Equity performance of OneConnect financial technology
NYSE: OCFT opened at $ 1.43 on Friday. The stock has a market capitalization of $ 557.69 million, a P / E ratio of -2.65 and a beta of 0.09. The company has a 50-day moving average price of $ 1.59 and a 200-day moving average price of $ 1.57. OneConnect Financial Technology has a fifty-two week low of $ 0.99 and a fifty-two week high of $ 8.07.
OneConnect Financial Technology (NYSE: OCFT – Get Rating) last released earnings results on Wednesday, May 25. The company reported ($ 0.12) earnings per share (EPS) for the quarter, reaching analyst consensus estimates of ($ 0.12). The company reported revenue of $ 160.51 million for the quarter, compared with analysts’ estimates of $ 138.62 million. OneConnect Financial Technology had a negative net margin of 29.89% and a negative return on equity of 31.20%. During the same period last year, the company earned ($ 0.13) EPS. Research analysts expect OneConnect Financial Technology to post -0.46 earnings per share for the current fiscal year.
Institutional Investors Impact OneConnect Financial Technology
A number of hedge funds and other institutional investors have recently changed their holdings in OCFT. Daiwa Securities Group Inc. increased its holdings in OneConnect Financial Technology stock by 573.2% in Q4. Daiwa Securities Group Inc. now owns 36,547 shares in the company valued at $ 90,000 after purchasing an additional 31,118 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in OneConnect Financial Technology shares by 51.4% in Q4. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 71,531 shares of the company worth $ 180,000 after purchasing an additional 24,299 shares in the last quarter. SG Americas Securities LLC increased its holdings in OneConnect Financial Technology stock by 636.1% in Q4. SG Americas Securities LLC now owns 344,514 shares in the company valued at $ 851,000 after purchasing an additional 297,709 shares in the last quarter. Krane Funds Advisors LLC acquired a new equity interest in OneConnect Financial Technology in Q4 valued at $ 8,268,000. Finally, Rafferty Asset Management LLC increased its holdings in OneConnect Financial Technology shares by 241.9% in Q4. Rafferty Asset Management LLC now owns 922,187 shares in the company worth $ 2,278,000 after purchasing another 652,445 shares in the last quarter. 14.91% of the stock is currently held by institutional investors and hedge funds.
Learn about OneConnect financial technology
OneConnect Financial Technology Co, Ltd. provides cloud-based Fintech solutions and online information and operational support services for financial institutions in the People’s Republic of China. It offers digital retail banking, digital commercial banking, digital auto insurance and life insurance and artificial intelligence customer services, as well as sales management, risk management and operational support services.
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