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

Singularity Future Technology Ltd. (NASDAQ:SGLY) was the recipient of a large decline in short interest during the month of 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 shares are short sold. Based on an average daily volume of 216,200 shares, the short-interest ratio is currently 0.3 days.

Singularity Future Technology Stock Down 18.4 %

NASDAQ:SGLY traded down $0.40 during trading hours on Friday, hitting $1.77. 123,485 shares of the stock were exchanged, compared to its average volume of 195,113. The company’s 50 day moving average is $1.68 and its two-hundred day moving average is $3.50. The company has a market capitalization of $6.20 million, a P/E ratio of -2.57 and a beta of 1.01. Singularity Future Technology has a twelve month low of $1.27 and a twelve month high of $7.65.

Singularity Future Technology (NASDAQ:SGLY) last posted its quarterly earnings results on Tuesday, October 15th. The company reported ($0.04) earnings per share (EPS) for the quarter. The firm had revenue of $0.83 million during the quarter. Singularity Future Technology had a negative net margin of 162.86% and a negative return on equity of 51.46%.

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.