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

OneConnect Financial Technology Co., Ltd. (NYSE:OCFT) saw a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 58,700 shares, a drop of 33.1% from the October 31st total of 87,800 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 128,100 shares, the days-to-cover ratio is currently 0.5 days.

OneConnect Financial Technology Stock Performance

Shares of NYSE OCFT traded up $0.04 during midday trading on Friday, reaching $2.50. 5,750 shares of the company traded hands, compared to its average volume of 48,205. The firm has a market cap of $97.50 million, a PE ratio of 22.73 and a beta of 0.67. The stock’s 50-day simple moving average is $2.49 and its 200-day simple moving average is $1.94. OneConnect Financial Technology has a 12 month low of $0.87 and a 12 month high of $4.98.

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.