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

OneConnect Financial Technology Co., Ltd. (NYSE:OCFT) was the target of a large decline in short interest in December. As of December 31st, there was short interest totalling 56,900 shares, a decline of 22.2% from the December 15th total of 73,100 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 50,600 shares, the short-interest ratio is presently 1.1 days.

OneConnect Financial Technology Stock Performance

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

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.