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

Singularity Future Technology Ltd. (NASDAQ:SGLY) was the target of a large drop in short interest in April. As of April 15th, there was short interest totalling 73,700 shares, a drop of 35.7% from the March 31st total of 114,600 shares. Based on an average trading volume of 408,300 shares, the days-to-cover ratio is presently 0.2 days. Currently, 2.1% of the company’s stock are short sold.

Singularity Future Technology Trading Down 2.7 %

NASDAQ SGLY traded down $0.13 during trading hours on Friday, hitting $4.68. The company’s stock had a trading volume of 4,174 shares, compared to its average volume of 14,485. Singularity Future Technology has a 52 week low of $2.00 and a 52 week high of $8.00. The company has a market capitalization of $16.15 million, a PE ratio of -0.52 and a beta of 1.02. The company’s 50-day simple moving average is $4.02 and its two-hundred day simple moving average is $4.77.

Singularity Future Technology (NASDAQ:SGLY) last posted its quarterly earnings data on Wednesday, February 14th. The company reported ($0.06) EPS for the quarter. The firm had revenue of $0.96 million during the quarter. Singularity Future Technology had a negative net margin of 531.52% and a negative return on equity of 227.85%.

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.