Singularity Future Technology Ltd. (NASDAQ:SGLY) Short Interest Down 13.6% in March

Singularity Future Technology Ltd. (NASDAQ:SGLY) saw a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 84,900 shares, a decline of 13.6% from the February 28th total of 98,300 shares. Approximately 2.0% of the company’s stock are short sold. Based on an average daily trading volume, of 1,610,000 shares, the short-interest ratio is presently 0.1 days.

Singularity Future Technology Stock Performance

Shares of SGLY traded down $0.00 during trading hours on Wednesday, hitting $0.67. 170,911 shares of the company were exchanged, compared to its average volume of 526,917. The firm’s 50 day moving average is $1.00 and its 200-day moving average is $1.50. Singularity Future Technology has a 52 week low of $0.55 and a 52 week high of $7.65. The company has a market cap of $2.81 million, a PE ratio of -0.93 and a beta of 0.89.

Singularity Future Technology (NASDAQ:SGLY) last released its quarterly earnings results on Wednesday, February 19th. The company reported ($0.19) EPS for the quarter. Singularity Future Technology had a negative net margin of 132.89% and a negative return on equity of 25.97%. The firm had revenue of $0.48 million during 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.