Armlogi Holding Corp. (NASDAQ:BTOC) Short Interest Update

Armlogi Holding Corp. (NASDAQ:BTOC) was the target of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 110,035 shares, a decline of 48.4% from the August 31st total of 213,150 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average daily volume of 25,000 shares, the days-to-cover ratio is currently 4.4 days.

Armlogi Price Performance

Shares of NASDAQ BTOC traded down $0.00 during midday trading on Wednesday, reaching $0.24. The company’s stock had a trading volume of 192,619 shares, compared to its average volume of 412,803. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.54 and a current ratio of 0.54. Armlogi has a fifty-two week low of $0.23 and a fifty-two week high of $0.95. The business’s 50 day moving average price is $0.28 and its two-hundred day moving average price is $0.29. The company has a market cap of $10.75 million, a P/E ratio of -0.51 and a beta of 2.86.

Armlogi (NASDAQ:BTOC) last issued its quarterly earnings results on Friday, September 25th. The company reported ($0.12) earnings per share (EPS) for the quarter. Armlogi had a negative return on equity of 115.21% and a negative net margin of 11.23%.The company had revenue of $43.14 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Armlogi in a research report on Friday, August 14th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Armlogi stock. Bank of America Corp DE bought a new stake in Armlogi Holding Corp. (NASDAQ:BTOC) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 150,000 shares of the company’s stock, valued at approximately $45,000. Bank of America Corp DE owned 0.33% of Armlogi as of its most recent SEC filing.

About Armlogi

Armlogi Holding Corp. (NASDAQ: BTOC) is a logistics and supply-chain services company focused on warehousing, order fulfillment and transportation support for e-commerce businesses and other commercial customers. The company helps clients manage inventory, process orders and move goods through distribution networks.

Its services include warehouse storage and management, inventory handling, fulfillment operations, transportation coordination and last-mile delivery. These capabilities are designed to support online retailers and brands that need outsourced logistics infrastructure for receiving, storing, picking, packing and shipping products to customers.

Armlogi operates in the United States and has developed warehouse and fulfillment capabilities intended to serve customers across multiple markets.