Singularity Future Technology Ltd. (NASDAQ:SGLY) Sees Significant Decrease in Short Interest

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

Singularity Future Technology Stock Up 2.4 %

Shares of SGLY traded up $0.02 during trading on Tuesday, reaching $0.76. The company’s stock had a trading volume of 8,981 shares, compared to its average volume of 351,161. The company has a fifty day moving average of $1.37 and a two-hundred day moving average of $1.71. Singularity Future Technology has a twelve month low of $0.66 and a twelve month high of $7.65. The company has a market cap of $3.19 million, a price-to-earnings ratio of -1.06 and a beta of 0.89.

Singularity Future Technology (NASDAQ:SGLY) last posted 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%.

Singularity Future Technology Company Profile

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.