Armlogi Holding Corp. (NASDAQ:BTOC) Stock Short Interest Report for October

Armlogi Holding Corp. (NASDAQ:BTOC) saw a significant decline in short interest in the month of October. As of October 30th, there was short interest totaling 8,242 shares, a decline of 92.2% from the October 15th total of 105,173 shares. Based on an average daily trading volume, of 13,042 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.9% of the company’s shares are short sold.

Hedge Funds Weigh In On Armlogi

An institutional investor recently bought a new stake in Armlogi stock. Bank of America Corp DE acquired a new stake in shares of Armlogi Holding Corp. (NASDAQ:BTOC) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 150,000 shares of the company’s stock, valued at approximately $45,000. Bank of America Corp DE owned approximately 0.33% of Armlogi as of its most recent SEC filing.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Armlogi in a report on Friday, August 14th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the stock presently has an average rating of “Sell”.

Armlogi Trading Down 1.4%

Shares of NASDAQ:BTOC traded down $0.03 on Thursday, hitting $1.80. The company had a trading volume of 2,170 shares, compared to its average volume of 28,063. The firm’s 50-day simple moving average is $3.37 and its two-hundred day simple moving average is $4.54. The firm has a market capitalization of $5.13 million, a price-to-earnings ratio of -0.25 and a beta of 3.09. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.06. Armlogi has a 1 year low of $1.74 and a 1 year high of $11.49.

Armlogi (NASDAQ:BTOC) last released its earnings results on Friday, September 25th. The company reported ($1.92) EPS for the quarter. Armlogi had a negative net margin of 11.23% and a negative return on equity of 133.87%. The firm had revenue of $43.14 million during the quarter.

About Armlogi

Armlogi Holding Corp. is a logistics and warehousing company that provides supply-chain services to e-commerce businesses and other customers. Its operations are focused on helping clients store inventory, process orders and coordinate the movement of goods through fulfillment and transportation services. The company’s service offerings include warehousing, inventory management, order fulfillment, freight transportation and related logistics support. These services are designed to provide an integrated solution for businesses that need to move products from suppliers to distribution facilities and, ultimately, to customers.