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

OneConnect Financial Technology Co., Ltd. (NYSE:OCFT) was the recipient of a large decline in short interest during the month of 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. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 50,600 shares, the short-interest ratio is presently 1.1 days.

OneConnect Financial Technology Price Performance

Shares of NYSE OCFT traded up $0.09 during midday trading on Friday, reaching $2.82. The company’s stock had a trading volume of 34,475 shares, compared to its average volume of 14,952. OneConnect Financial Technology has a 12-month low of $0.87 and a 12-month high of $4.98. The firm has a 50 day moving average price of $2.52 and a 200-day moving average price of $2.09. The stock has a market capitalization of $109.82 million, a P/E ratio of 25.60 and a beta of 0.65.

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.