SinglePoint Inc. (OTCMKTS:SING) Sees Significant Drop in Short Interest

SinglePoint Inc. (OTCMKTS:SING) was the recipient of a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 52,800 shares, a decline of 30.0% from the November 15th total of 75,400 shares. Based on an average daily trading volume, of 2,239,300 shares, the days-to-cover ratio is currently 0.0 days.

SinglePoint Price Performance

Shares of OTCMKTS:SING remained flat at $0.02 during trading on Friday. 2,225,825 shares of the stock traded hands, compared to its average volume of 702,365. SinglePoint has a 52 week low of $0.01 and a 52 week high of $499.00. The firm has a market cap of $5,327.70, a P/E ratio of 0.00 and a beta of -0.35. The stock has a fifty day simple moving average of $0.03 and a 200 day simple moving average of $6.70.

SinglePoint (OTCMKTS:SING) last issued its quarterly earnings data on Friday, September 27th. The company reported ($21.96) earnings per share for the quarter. The company had revenue of $5.45 million during the quarter.

About SinglePoint

SinglePoint Inc focuses on providing renewable energy solutions and energy-efficient applications in the United States. The company offers solar and air purification services; and solar installation and brokerage services. It also operates as an online store; supplies hydroponic supplies and nutrients to commercial and individual farmers, as well as nutrients, lights, HVAC systems, and other products to individuals that are interested in horticulture; and offers automotive technology solutions for vehicle repairs.