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

OneConnect Financial Technology Co., Ltd. (NYSE:OCFT) was the target of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 56,900 shares, a decrease of 22.2% from the December 15th total of 73,100 shares. Approximately 0.2% of the company’s shares 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

NYSE OCFT traded up $0.09 during mid-day trading on Friday, reaching $2.82. 34,475 shares of the stock were exchanged, compared to its average volume of 14,952. The stock has a market capitalization of $109.82 million, a PE ratio of 25.60 and a beta of 0.65. OneConnect Financial Technology has a 1-year low of $0.87 and a 1-year high of $4.98. The business’s fifty day simple moving average is $2.52 and its 200 day simple moving average is $2.09.

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.