Short Interest in Singularity Future Technology Ltd. (NASDAQ:SGLY) Expands By 695.4%

Singularity Future Technology Ltd. (NASDAQ:SGLY) was the recipient of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 675,300 shares, a growth of 695.4% from the March 15th total of 84,900 shares. Based on an average trading volume of 1,760,000 shares, the short-interest ratio is presently 0.4 days. Approximately 16.1% of the shares of the company are short sold.

Singularity Future Technology Trading Down 0.9 %

Shares of SGLY stock traded down $0.01 during trading hours on Wednesday, hitting $0.65. 3,966 shares of the company were exchanged, compared to its average volume of 530,147. The firm has a fifty day simple moving average of $0.82 and a 200 day simple moving average of $1.42. Singularity Future Technology has a 52-week low of $0.54 and a 52-week high of $7.65. The stock has a market capitalization of $2.73 million, a price-to-earnings ratio of -0.91 and a beta of 0.95.

Singularity Future Technology (NASDAQ:SGLY) last announced its quarterly earnings data on Wednesday, February 19th. The company reported ($0.19) earnings per share (EPS) for the quarter. The firm had revenue of $0.48 million during 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.