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

Singularity Future Technology Ltd. (NASDAQ:SGLY) saw a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 134,700 shares, a growth of 177.7% from the January 31st total of 48,500 shares. Approximately 3.2% of the company’s shares are short sold. Based on an average daily volume of 1,070,000 shares, the short-interest ratio is presently 0.1 days.

Singularity Future Technology Price Performance

Singularity Future Technology stock opened at $0.81 on Friday. Singularity Future Technology has a 1-year low of $0.66 and a 1-year high of $7.65. The company’s 50-day moving average is $1.59 and its 200 day moving average is $1.98. The firm has a market capitalization of $3.41 million, a P/E ratio of -1.13 and a beta of 0.99.

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

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.