Short Interest in SinglePoint Inc. (OTCMKTS:SING) Rises By 645.6%

SinglePoint Inc. (OTCMKTS:SING) was the target of a large increase in short interest in October. As of October 31st, there was short interest totalling 127,500 shares, an increase of 645.6% from the October 15th total of 17,100 shares. Based on an average trading volume of 2,734,500 shares, the days-to-cover ratio is presently 0.0 days.

SinglePoint Stock Performance

SING stock remained flat at $0.01 during midday trading on Tuesday. 3,051,515 shares of the company’s stock were exchanged, compared to its average volume of 651,575. The company has a market capitalization of $3,010.00, a P/E ratio of 0.00 and a beta of -0.64. SinglePoint has a 12 month low of $0.01 and a 12 month high of $499.00. The company’s fifty day moving average price is $0.08 and its 200-day moving average price is $10.11.

SinglePoint (OTCMKTS:SING) last announced its quarterly earnings results on Friday, September 27th. The company reported ($21.96) earnings per share for the quarter. The company had revenue of $5.45 million for the quarter.

About SinglePoint

SinglePoint Inc focuses on providing renewable energy solutions and energy-efficient applications in the United States. The company offers solar and air purification services; and solar installation and brokerage services. It also operates as an online store; supplies hydroponic supplies and nutrients to commercial and individual farmers, as well as nutrients, lights, HVAC systems, and other products to individuals that are interested in horticulture; and offers automotive technology solutions for vehicle repairs.