Singularity Future Technology Ltd. (NASDAQ:SGLY – Get Free Report) saw a significant decline in short interest in October. As of October 31st, there was short interest totalling 58,800 shares, a decline of 34.2% from the October 15th total of 89,400 shares. Approximately 1.7% of the company’s stock are short sold. Based on an average trading volume of 216,200 shares, the short-interest ratio is presently 0.3 days.
Singularity Future Technology Stock Down 18.4 %
Shares of SGLY traded down $0.40 during mid-day trading on Friday, hitting $1.77. 123,485 shares of the company’s stock were exchanged, compared to its average volume of 195,113. The stock has a market cap of $6.20 million, a price-to-earnings ratio of -2.57 and a beta of 1.01. The firm has a fifty day moving average of $1.68 and a two-hundred day moving average of $3.50. Singularity Future Technology has a twelve month low of $1.27 and a twelve month high of $7.65.
Singularity Future Technology (NASDAQ:SGLY – Get Free Report) last posted its earnings results on Tuesday, October 15th. The company reported ($0.04) EPS for the quarter. Singularity Future Technology had a negative return on equity of 51.46% and a negative net margin of 162.86%. The business had revenue of $0.83 million for the quarter.
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.
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