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

Singularity Future Technology Ltd. (NASDAQ:SGLY) was the target of a large growth in short interest in February. As of February 15th, there was short interest totalling 134,700 shares, a growth of 177.7% from the January 31st total of 48,500 shares. Currently, 3.2% of the shares of the stock are short sold. Based on an average daily volume of 1,070,000 shares, the days-to-cover ratio is presently 0.1 days.

Singularity Future Technology Stock Down 1.3 %

Shares of NASDAQ SGLY traded down $0.01 during midday trading on Friday, hitting $0.80. The company had a trading volume of 28,051 shares, compared to its average volume of 1,778,663. The firm has a market capitalization of $3.37 million, a price-to-earnings ratio of -1.11 and a beta of 0.99. Singularity Future Technology has a twelve month low of $0.66 and a twelve month high of $7.65. The business has a 50-day simple moving average of $1.57 and a two-hundred day simple moving average of $1.95.

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

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.