Singularity Future Technology Ltd. (NASDAQ:SGLY) Short Interest Update

Singularity Future Technology Ltd. (NASDAQ:SGLY) was the target of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 98,300 shares, a drop of 27.0% from the February 13th total of 134,700 shares. Currently, 2.3% of the shares of the stock are sold short. Based on an average daily volume of 1,080,000 shares, the days-to-cover ratio is presently 0.1 days.

Singularity Future Technology Trading Down 1.1 %

Shares of NASDAQ SGLY traded down $0.01 during midday trading on Monday, hitting $0.75. The company’s stock had a trading volume of 1,642 shares, compared to its average volume of 1,392,384. The business’s 50 day moving average is $1.40 and its two-hundred day moving average is $1.74. The firm has a market cap of $3.16 million, a P/E ratio of -1.04 and a beta of 0.89. Singularity Future Technology has a 12-month low of $0.66 and a 12-month high of $7.65.

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

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.