Armlogi Holding Corp. (NASDAQ:BTOC) Sees Large Increase in Short Interest

Armlogi Holding Corp. (NASDAQ:BTOC) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 524,700 shares, a growth of 108.5% from the September 15th total of 251,700 shares. Currently, 4.3% of the shares of the company are short sold. Based on an average daily trading volume, of 634,200 shares, the short-interest ratio is presently 0.8 days. Based on an average daily trading volume, of 634,200 shares, the short-interest ratio is presently 0.8 days. Currently, 4.3% of the shares of the company are short sold.

Hedge Funds Weigh In On Armlogi

A hedge fund recently bought a new stake in Armlogi stock. Bank of America Corp DE bought a new position in shares of Armlogi Holding Corp. (NASDAQ:BTOC) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 6,434 shares of the company’s stock, valued at approximately $27,000.

Armlogi Price Performance

Armlogi stock opened at $0.67 on Monday. The company has a market capitalization of $30.58 million, a price-to-earnings ratio of -1.82 and a beta of 2.63. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.02. Armlogi has a 12 month low of $0.67 and a 12 month high of $8.74. The stock’s 50 day moving average is $1.17 and its 200-day moving average is $1.32.

Armlogi (NASDAQ:BTOC) last announced its earnings results on Thursday, September 25th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.09). The firm had revenue of $50.14 million for the quarter, compared to the consensus estimate of $50.14 million. Armlogi had a negative return on equity of 49.90% and a negative net margin of 8.06%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Armlogi in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

About Armlogi

Armlogi Holding Corp. is a warehousing and logistics service provider which offers a comprehensive package of supply-chain solutions related to warehouse management and order fulfillment. Armlogi Holding Corp. is based in WALNUT, CA.