Short Interest in Armlogi Holding Corp. (NASDAQ:BTOC) Drops By 27.7%

Armlogi Holding Corp. (NASDAQ:BTOC) saw a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 284,526 shares, a decline of 27.7% from the December 15th total of 393,531 shares. Currently, 1.9% of the company’s shares are short sold. Based on an average daily trading volume, of 69,620 shares, the short-interest ratio is presently 4.1 days. Based on an average daily trading volume, of 69,620 shares, the short-interest ratio is presently 4.1 days. Currently, 1.9% of the company’s shares are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Armlogi in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Armlogi Trading Down 0.2%

NASDAQ:BTOC traded down $0.00 on Friday, reaching $0.50. The company’s stock had a trading volume of 31,431 shares, compared to its average volume of 41,483. The firm has a market cap of $22.89 million, a price-to-earnings ratio of -1.23 and a beta of 2.51. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.02. Armlogi has a 12-month low of $0.41 and a 12-month high of $4.82. The stock has a 50 day moving average price of $0.57 and a 200 day moving average price of $0.98.

Armlogi (NASDAQ:BTOC) last issued its quarterly earnings data on Thursday, November 13th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.14). The company had revenue of $49.47 million during the quarter, compared to analysts’ expectations of $50.98 million. Armlogi had a negative net margin of 8.72% and a negative return on equity of 62.11%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Armlogi stock. Millennium Management LLC lifted its position in Armlogi Holding Corp. (NASDAQ:BTOC) by 615.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 109,500 shares of the company’s stock after buying an additional 94,203 shares during the quarter. Millennium Management LLC owned approximately 0.24% of Armlogi worth $88,000 at the end of the most recent reporting period.

Armlogi Company Profile

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.