Short Interest in Singularity Future Technology Ltd. (NASDAQ:SGLY) Declines By 27.0%

Singularity Future Technology Ltd. (NASDAQ:SGLY) was the target of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 98,300 shares, a drop of 27.0% from the February 13th total of 134,700 shares. Based on an average daily volume of 1,080,000 shares, the days-to-cover ratio is currently 0.1 days. Approximately 2.3% of the shares of the company are sold short.

Singularity Future Technology Stock Down 1.1 %

Shares of NASDAQ:SGLY traded down $0.01 during trading on Monday, hitting $0.75. 1,642 shares of the stock traded hands, compared to its average volume of 1,392,384. The company has a fifty day moving average price of $1.40 and a two-hundred day moving average price of $1.74. Singularity Future Technology has a 52-week low of $0.66 and a 52-week high of $7.65. The company has a market cap of $3.16 million, a price-to-earnings ratio of -1.04 and a beta of 0.89.

Singularity Future Technology (NASDAQ:SGLY) last posted its quarterly earnings data 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 business 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.