OFAL surged 32.5% this week to $0.71, extending its one-month gain to 82% despite erratic short-selling activity and negligible institutional coverage. The micro-cap consultancy has seen short interest swing from 406K shares in early April to 202K shares today—a 50% drop—while cost to borrow hovers near 11% and utilization sits at 37%.
OFAL closed Friday at $0.7115, up 4.8% on the day. The stock has climbed 32.5% over the past week and 82.4% over the past month. Volume and volatility have been elevated, typical for a sub-$30M market cap name with light institutional ownership.
Short interest stands at 202,519 shares as of April 23. That figure has fallen 14.8% over the past week and 3.1% day-over-day. The monthly trend is more volatile: short interest peaked at 406K shares on April 6 before collapsing to 119K shares by April 3, then rebounding to today's level. Despite the month-over-month increase of 64%, the current reading sits well below mid-April highs.
Cost to borrow is 10.88%, up 8.3% from a week ago. The CTB hovered in the 9.7–10.2% range through mid-March, spiked above 14% in late February, and has since settled back into the 10–12% band. The current level is the highest since April 13.
Utilization is 37.4%, down from 41.8% a week ago and sharply below the April 13 spike of 63.1%. The 52-week high for utilization is 100%, last reached months ago. Borrowing conditions remain moderately tight but far from extreme.
Days to cover is 1.0, per the most recent FINRA settlement data from April 15.
The company reports an enterprise value of $14.9M as of year-end 2025. Valuation multiples are sparse—no P/E, P/B, or EV/EBITDA data is available in the snapshot.
OFAL scores in the 71st percentile for sector score, the 55th percentile for short score, and the 28th percentile for dividend score. The short score is 55.9 as of April 23, down from a peak of 62.3 on April 13. The combined ORTEX score is 55.4. DTC rank is 51st percentile; utilization rank is 19th percentile.
R-OPUS Inc. holds 4.4M shares (12.8% of shares outstanding), unchanged since its March 18 filing. FNHK Inc. owns 1.6M shares (4.8%), also flat. Li Hsien Wong added 1.6M shares in the quarter ended March 18, bringing his stake to 4.8%. Greentree Financial Group disclosed a new 837K-share position (2.4%) in late February. XTX Markets and Two Sigma Securities each initiated small positions in Q4 2025. FMR LLC (Fidelity) owns 5,208 shares, up one share from the prior quarter.
The holder roster is shallow—just nine institutional owners on record. The Li Hsien Wong and Greentree builds are the only notable changes in recent months.
ORTEX peer data is unavailable in the snapshot. The Research and Consulting Services sector is fragmented, and direct comparables are difficult to identify for a firm of OFAL's size and structure.
The most recent earnings event was February 26, 2026 at 11:08 UTC. No price-reaction data is provided for that print or prior events. The next earnings release is scheduled for July 31, 2026 at 13:30 UTC.
The July 31 earnings call will be the next catalyst. Until then, traders should monitor short interest and utilization for signs of renewed covering or re-shorting. The stock's 82% one-month rally has occurred against a backdrop of falling short interest—suggesting a technical squeeze may have already played out. With institutional ownership under 25% and no analyst coverage, liquidity and price discovery remain challenged.
See the live data behind this article on ORTEX.
Open OFAL on ORTEX →ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
