Short Interest in OFX Group Limited (OTCMKTS:OZFRY) Rises By 84.5%
by Tristan Rich · The Markets DailyOFX Group Limited (OTCMKTS:OZFRY – Get Free Report) was the target of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 546 shares, an increase of 84.5% from the January 15th total of 296 shares. Based on an average daily volume of 100 shares, the short-interest ratio is currently 5.5 days. Based on an average daily volume of 100 shares, the short-interest ratio is currently 5.5 days.
OFX Group Price Performance
OFX Group stock remained flat at $2.14 during midday trading on Friday. The stock’s fifty day simple moving average is $1.70 and its two-hundred day simple moving average is $2.18. OFX Group has a 1-year low of $1.58 and a 1-year high of $3.65.
About OFX Group
OFX Group is a global provider of online foreign exchange and international payment services. The company operates a digital platform that enables individuals, small businesses, and larger institutions to send and receive money across borders at competitive exchange rates. Its core offering includes spot and forward currency contracts, risk management tools, and multi-currency accounts designed to streamline cross-border transactions.
Originally founded in Sydney in 1998 under the name OzForex, OFX Group has grown through organic expansion and acquisitions to establish a presence in major financial markets.