Armlogi Holding Corp. (NASDAQ:BTOC) Sees Significant Decline in Short Interest

Armlogi Holding Corp. (NASDAQ:BTOC) was the recipient of a significant drop in short interest in April. As of April 15th, there was short interest totalling 239,100 shares, a drop of 54.9% from the March 31st total of 530,700 shares. Approximately 2.1% of the company’s stock are short sold. Based on an average daily volume of 153,800 shares, the short-interest ratio is currently 1.6 days.

Institutional Trading of Armlogi

Large investors have recently bought and sold shares of the stock. Bank of America Corp DE acquired a new stake in shares of Armlogi during the fourth quarter worth $27,000. Millennium Management LLC acquired a new stake in Armlogi during the 4th quarter valued at approximately $88,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of Armlogi in the fourth quarter worth $158,000. Finally, Squarepoint Ops LLC purchased a new position in shares of Armlogi during the fourth quarter worth $163,000.

Armlogi Stock Performance

NASDAQ:BTOC traded down $0.06 during trading hours on Monday, reaching $1.13. The company’s stock had a trading volume of 424 shares, compared to its average volume of 197,897. Armlogi has a 12 month low of $0.80 and a 12 month high of $8.74. The stock has a 50 day moving average price of $1.36 and a two-hundred day moving average price of $3.73. The company has a market capitalization of $46.89 million and a P/E ratio of -9.37.

Armlogi (NASDAQ:BTOC) last posted its quarterly earnings data on Friday, February 14th. The company reported ($0.04) EPS for the quarter. The firm had revenue of $51.14 million for the quarter. Armlogi had a negative return on equity of 15.30% and a negative net margin of 3.03%.

About Armlogi

Armlogi Holding Corp. is a warehousing and logistics service provider which offers a comprehensive package of supply-chain solutions related to warehouse management and order fulfillment. Armlogi Holding Corp. is based in WALNUT, CA.