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

Armlogi Holding Corp. (NASDAQ:BTOC) was the target of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 239,100 shares, a decrease of 54.9% from the March 31st total of 530,700 shares. Based on an average daily volume of 153,800 shares, the days-to-cover ratio is presently 1.6 days. Currently, 2.1% of the company’s stock are short sold.

Armlogi Price Performance

Shares of NASDAQ:BTOC opened at $1.08 on Wednesday. The company has a market capitalization of $45.01 million and a PE ratio of -9.00. Armlogi has a 1-year low of $0.80 and a 1-year high of $8.74. The business has a fifty day moving average price of $1.30 and a 200-day moving average price of $3.69.

Armlogi (NASDAQ:BTOC) last issued its earnings results on Friday, February 14th. The company reported ($0.04) earnings per share for the quarter. Armlogi had a negative return on equity of 15.30% and a negative net margin of 3.03%. The business had revenue of $51.14 million during the quarter.

Institutional Investors Weigh In On Armlogi

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Squarepoint Ops LLC bought a new position in Armlogi in the 4th quarter worth $163,000. OMERS ADMINISTRATION Corp bought a new position in shares of Armlogi in the fourth quarter worth about $158,000. Millennium Management LLC purchased a new stake in shares of Armlogi during the fourth quarter worth about $88,000. Finally, Bank of America Corp DE bought a new stake in Armlogi during the 4th quarter valued at approximately $27,000.

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.