Singularity Future Technology Ltd. (NASDAQ:SGLY) Sees Significant Decrease in Short Interest

Singularity Future Technology Ltd. (NASDAQ:SGLY) saw a significant drop in short interest in February. As of February 28th, there was short interest totalling 98,300 shares, a drop of 27.0% from the February 13th total of 134,700 shares. Based on an average daily trading volume, of 1,080,000 shares, the short-interest ratio is presently 0.1 days. Approximately 2.3% of the shares of the stock are sold short.

Singularity Future Technology Stock Performance

Singularity Future Technology stock traded up $0.02 during midday trading on Tuesday, reaching $0.76. 8,981 shares of the company were exchanged, compared to its average volume of 351,161. The company has a market capitalization of $3.19 million, a price-to-earnings ratio of -1.06 and a beta of 0.89. The firm’s 50-day simple moving average is $1.37 and its 200-day simple moving average is $1.71. Singularity Future Technology has a 1 year low of $0.66 and a 1 year high of $7.65.

Singularity Future Technology (NASDAQ:SGLY) last issued its quarterly earnings results on Wednesday, February 19th. The company reported ($0.19) EPS for the quarter. The firm had revenue of $0.48 million for the quarter. Singularity Future Technology had a negative return on equity of 25.97% and a negative net margin of 132.89%.

Singularity Future Technology Company Profile

Singularity Future Technology Ltd. operates as an integrated logistics solutions provider in China and the United States. It offers freight logistics services, including shipping, transportation, warehouse, collection, last-mile delivery, drop shipping, customs clearance, and overseas transit delivery services.