SinglePoint Inc. (OTCMKTS:SING) Sees Large Drop in Short Interest

SinglePoint Inc. (OTCMKTS:SING – Get Rating) was the recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totalling 10,400 shares, a decline of 75.6% from the April 30th total of 42,600 shares. Based on an average daily volume of 1,179,900 shares, the short-interest ratio is presently 0.0 days.

SinglePoint Price Performance

Shares of OTCMKTS SING remained flat at $0.03 during trading on Friday. The stock had a trading volume of 679,654 shares, compared to its average volume of 523,405. The business’s fifty day simple moving average is $0.03 and its 200-day simple moving average is $0.05. SinglePoint has a 12 month low of $0.01 and a 12 month high of $0.23. The stock has a market capitalization of $47.95 million, a PE ratio of -0.28 and a beta of 0.35.

SinglePoint (OTCMKTS:SING – Get Rating) last issued its quarterly earnings results on Monday, April 3rd. The company reported ($0.02) EPS for the quarter. The firm had revenue of $9.11 million for the quarter.

About SinglePoint

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SinglePoint, Inc is a renewable and sustainable solutions company focused on solar power and indoor air purification. It is committed to building the largest vertically integrated network for the marketing and installation of solar panels to the residential and commercial markets. The company’s subsidiary, BOX Pure Air, is engaged in the Indoor Air Quality (IAQ) sector addressing the need for air purification in schools and offices.