Singularity Future Technology Ltd. (NASDAQ:SGLY) Sees Large Decrease in Short Interest

Singularity Future Technology Ltd. (NASDAQ:SGLY) was the target of a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 24,000 shares, a drop of 42.4% from the November 15th total of 41,700 shares. Currently, 0.7% of the company’s shares are sold short. Based on an average trading volume of 78,600 shares, the short-interest ratio is presently 0.3 days.

Singularity Future Technology Stock Performance

NASDAQ:SGLY traded down $0.02 on Thursday, hitting $1.60. 4,472 shares of the stock were exchanged, compared to its average volume of 181,813. The stock has a market capitalization of $5.61 million, a price-to-earnings ratio of -2.35 and a beta of 1.03. Singularity Future Technology has a 52 week low of $1.27 and a 52 week high of $7.65. The company’s 50-day moving average price is $1.67 and its 200 day moving average price is $3.12.

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

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.