Singularity Future Technology Ltd. (NASDAQ:SGLY) Short Interest Up 93.1% in December

Singularity Future Technology Ltd. (NASDAQ:SGLY) saw a significant increase in short interest in December. As of December 31st, there was short interest totalling 33,800 shares, an increase of 93.1% from the December 15th total of 17,500 shares. Based on an average daily trading volume, of 31,400 shares, the days-to-cover ratio is presently 1.1 days. Approximately 1.0% of the shares of the stock are short sold.

Singularity Future Technology Trading Up 21.5 %

Shares of Singularity Future Technology stock traded up $0.52 during trading on Thursday, reaching $2.94. The company’s stock had a trading volume of 147,770 shares, compared to its average volume of 98,426. Singularity Future Technology has a one year low of $1.27 and a one year high of $7.65. The stock has a market capitalization of $10.29 million, a P/E ratio of -4.26 and a beta of 1.05. The stock has a 50-day moving average price of $1.78 and a two-hundred day moving average price of $2.62.

Singularity Future Technology (NASDAQ:SGLY) last released its earnings results on Tuesday, October 15th. The company reported ($0.04) earnings per share for the quarter. Singularity Future Technology had a negative return on equity of 33.51% and a negative net margin of 137.89%. The firm had revenue of $0.83 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.