Singularity Future Technology Ltd. (NASDAQ:SGLY) Sees Large Drop in Short Interest

Singularity Future Technology Ltd. (NASDAQ:SGLY) saw a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 41,700 shares, a decrease of 29.1% from the October 31st total of 58,800 shares. Approximately 1.2% of the company’s shares are short sold. Based on an average daily trading volume, of 213,100 shares, the days-to-cover ratio is presently 0.2 days.

Singularity Future Technology Price Performance

Shares of SGLY traded down $0.06 during trading hours on Friday, hitting $1.60. 25,359 shares of the stock were exchanged, compared to its average volume of 188,392. The firm has a market capitalization of $5.60 million, a P/E ratio of -2.32 and a beta of 1.01. The business has a 50-day moving average of $1.65 and a 200-day moving average of $3.29. Singularity Future Technology has a fifty-two week low of $1.27 and a fifty-two week high of $7.65.

Singularity Future Technology (NASDAQ:SGLY) last posted its quarterly earnings results on Tuesday, October 15th. The company reported ($0.04) EPS for the quarter. The company had revenue of $0.83 million during the quarter. Singularity Future Technology had a negative return on equity of 33.51% and a negative net margin of 137.89%.

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.