Armlogi Holding Corp. (NASDAQ:BTOC) Stock Short Interest Climbs 69.9%

Armlogi Holding Corp. (NASDAQ:BTOC) saw a significant growth in short interest in September. As of September 30th, there was short interest totaling 186,921 shares, a growth of 69.9% from the September 15th total of 110,035 shares. Approximately 1.2% of the company’s stock are short sold. Based on an average trading volume of 66,875 shares, the short-interest ratio is presently 2.8 days.

Analyst Upgrades and Downgrades

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

Armlogi Stock Down 5.1%

Shares of NASDAQ BTOC traded down $0.15 during midday trading on Friday, reaching $2.90. The company’s stock had a trading volume of 20,259 shares, compared to its average volume of 24,769. The stock has a 50 day simple moving average of $4.28 and a 200-day simple moving average of $4.52. Armlogi has a fifty-two week low of $2.43 and a fifty-two week high of $11.80. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $131.55 million, a price-to-earnings ratio of -6.29 and a beta of 2.90.

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

Hedge Funds Weigh In On Armlogi

A hedge fund recently bought a new stake in Armlogi stock. Bank of America Corp DE acquired a new position in shares of Armlogi Holding Corp. (NASDAQ:BTOC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 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 reporting period.

Armlogi Company Profile

Armlogi Holding Corp. is a logistics and warehousing company that provides supply-chain services for businesses operating in e-commerce and other commercial sectors. Its activities include warehouse management, inventory storage, order fulfillment, transportation coordination, and related logistics support.

The company’s services are designed to help customers manage the movement of goods from suppliers and storage facilities to end customers. Armlogi has focused on serving online retailers and other businesses that require third-party logistics, including storage, packaging, distribution, and delivery support.

Armlogi is based in the United States and has developed logistics and warehousing operations to support domestic fulfillment needs.