Armlogi Holding Corp. (NASDAQ:BTOC) Shares Shorted: Short Interest Down 43.7% in October

Armlogi Holding Corp. (NASDAQ:BTOC) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 105,173 shares, a drop of 43.7% from the September 30th total of 186,921 shares. Based on an average daily volume of 7,669 shares, the short-interest ratio is currently 13.7 days. Currently, 11.2% of the shares of the stock are sold short.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Armlogi

An institutional investor recently bought a new position in Armlogi stock. Bank of America Corp DE bought a new position in Armlogi Holding Corp. (NASDAQ:BTOC) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 150,000 shares of the company’s stock, valued at approximately $45,000. Bank of America Corp DE owned about 0.33% of Armlogi at the end of the most recent quarter.

Armlogi Trading Up 25.1%

Armlogi stock opened at $2.79 on Tuesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.44 and a quick ratio of 0.44. The business’s fifty day moving average is $3.75 and its two-hundred day moving average is $4.76. Armlogi has a 52 week low of $2.11 and a 52 week high of $11.49.

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

Armlogi Company Profile

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.

Armlogi serves customers through its logistics infrastructure in the United States, with operations associated primarily with e-commerce fulfillment and domestic distribution.