Singularity Future Technology Ltd. (NASDAQ:SGLY) Short Interest Update

Singularity Future Technology Ltd. (NASDAQ:SGLY) was the recipient of a significant drop in short interest in February. As of February 28th, there was short interest totalling 98,300 shares, a drop of 27.0% from the February 13th total of 134,700 shares. Approximately 2.3% of the company’s stock are short sold. Based on an average daily volume of 1,080,000 shares, the short-interest ratio is currently 0.1 days.

Singularity Future Technology Stock Down 5.6 %

SGLY stock traded down $0.05 during trading on Friday, hitting $0.76. 16,704 shares of the company’s stock traded hands, compared to its average volume of 1,420,800. The business has a fifty day simple moving average of $1.40 and a two-hundred day simple moving average of $1.76. The firm has a market capitalization of $3.19 million, a P/E ratio of -1.06 and a beta of 0.89. Singularity Future Technology has a 1 year low of $0.66 and a 1 year high of $7.65.

Singularity Future Technology (NASDAQ:SGLY) last announced its quarterly earnings results on Wednesday, February 19th. The company reported ($0.19) earnings per share (EPS) for the quarter. The company had revenue of $0.48 million during the quarter. Singularity Future Technology had a negative net margin of 132.89% and a negative return on equity of 25.97%.

About Singularity Future Technology

Singularity Future Technology Ltd. operates as an integrated logistics solutions provider in China and the United States. It offers freight logistics services, including shipping, transportation, warehouse, collection, last-mile delivery, drop shipping, customs clearance, and overseas transit delivery services.