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

Singularity Future Technology Ltd. (NASDAQ:SGLYGet Free Report) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 99,000 shares, an increase of 405.1% from the September 30th total of 19,600 shares. Based on an average daily volume of 273,200 shares, the short-interest ratio is currently 0.4 days. Currently, 2.4% of the shares of the company are short sold. Currently, 2.4% of the shares of the company are short sold. Based on an average daily volume of 273,200 shares, the short-interest ratio is currently 0.4 days.

Singularity Future Technology Price Performance

Shares of SGLY stock opened at $0.70 on Tuesday. Singularity Future Technology has a 1 year low of $0.54 and a 1 year high of $5.49. The firm has a fifty day moving average price of $1.01 and a 200-day moving average price of $0.97. The company has a market cap of $2.94 million, a price-to-earnings ratio of -0.67 and a beta of 1.14.

Singularity Future Technology (NASDAQ:SGLYGet Free Report) last released its earnings results on Tuesday, October 14th. The company reported ($0.23) earnings per share for the quarter. Singularity Future Technology had a negative net margin of 215.83% and a negative return on equity of 37.14%. The firm had revenue of $0.47 million for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Singularity Future Technology in a research report on Tuesday, October 14th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Singularity Future Technology has a consensus rating of “Sell”.

View Our Latest Stock Analysis on SGLY

Singularity Future Technology Company Profile

(Get Free Report)

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.

Further Reading

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