Ossen Innovation Co Ltd (NASDAQ:OSN) Short Interest Update

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.

Shares of OSN traded down $0.01 on Thursday, hitting $4.58. The company’s stock had a trading volume of 17,482 shares, compared to its average volume of 54,832. The company has a quick ratio of 3.31, a current ratio of 3.90 and a debt-to-equity ratio of 0.04. Ossen Innovation has a fifty-two week low of $1.50 and a fifty-two week high of $5.69. The company has a 50 day moving average price of $3.69 and a 200 day moving average price of $2.74.

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.

Read More: What Are Cryptocurrencies?

Receive News & Ratings for Ossen Innovation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ossen Innovation and related companies with MarketBeat.com's FREE daily email newsletter.