Singularity Future Technology Ltd. (NASDAQ:SGLY) Short Interest Down 13.6% in March

Singularity Future Technology Ltd. (NASDAQ:SGLY) was the recipient of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 84,900 shares, a drop of 13.6% from the February 28th total of 98,300 shares. Based on an average daily volume of 1,610,000 shares, the short-interest ratio is currently 0.1 days. Approximately 2.0% of the company’s shares are short sold.

Singularity Future Technology Price Performance

NASDAQ SGLY traded down $0.00 on Wednesday, hitting $0.67. 170,911 shares of the stock were exchanged, compared to its average volume of 526,917. The company’s 50-day moving average price is $1.00 and its two-hundred day moving average price is $1.50. The company has a market capitalization of $2.81 million, a price-to-earnings ratio of -0.93 and a beta of 0.89. Singularity Future Technology has a 52-week low of $0.55 and a 52-week high of $7.65.

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

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.