Ossen Innovation Co Ltd (NASDAQ:OSN) saw a significant decline in short interest in September. As of September 15th, there was short interest totalling 12,000 shares, a decline of 26.4% from the August 31st total of 16,300 shares. Based on an average daily volume of 126,200 shares, the days-to-cover ratio is currently 0.1 days.
Separately, ValuEngine raised Ossen Innovation from a “sell” rating to a “hold” rating in a report on Saturday, July 18th.
A hedge fund recently bought a new stake in Ossen Innovation stock. Advisor Group Holdings Inc. bought a new stake in Ossen Innovation Co Ltd (NASDAQ:OSN) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 15,000 shares of the construction company’s stock, valued at approximately $33,000. Advisor Group Holdings Inc. owned about 0.23% of Ossen Innovation as of its most recent filing with the Securities and Exchange Commission. 1.51% of the stock is owned by institutional investors and hedge funds.
Ossen Innovation Company Profile
Ossen Innovation Co, Ltd. engages in the design, manufacture, and sale of pre-stressed steel materials. Its products include plain surface steel wires and strands, and earth coated and zinc-coated pre-stressed steel materials. The company was founded in 2004 and is headquartered in Shanghai, China.
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