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

Singularity Future Technology Ltd. (NASDAQ:SGLY) saw a significant increase in short interest in the month of 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 short-interest ratio is presently 1.1 days. Approximately 1.0% of the shares of the company are sold short.

Singularity Future Technology Price Performance

SGLY remained flat at $2.39 during trading on Tuesday. The company’s stock had a trading volume of 165,898 shares, compared to its average volume of 90,697. The company has a market cap of $8.37 million, a price-to-earnings ratio of -3.46 and a beta of 1.05. Singularity Future Technology has a 52 week low of $1.27 and a 52 week high of $7.65. The company’s fifty day simple moving average is $1.72 and its two-hundred day simple moving average is $2.64.

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

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.