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

Singularity Future Technology Ltd. (NASDAQ:SGLY) saw a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 58,800 shares, a drop of 34.2% from the October 15th total of 89,400 shares. Based on an average daily volume of 216,200 shares, the short-interest ratio is currently 0.3 days. Currently, 1.7% of the shares of the company are short sold.

Singularity Future Technology Stock Performance

Singularity Future Technology stock traded down $0.40 during trading hours on Friday, reaching $1.77. 123,485 shares of the stock were exchanged, compared to its average volume of 195,113. The stock has a market cap of $6.20 million, a P/E ratio of -2.57 and a beta of 1.01. The firm’s 50 day moving average is $1.68 and its 200 day moving average is $3.50. Singularity Future Technology has a 52-week low of $1.27 and a 52-week high of $7.65.

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

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.