Armlogi Holding Corp. (NASDAQ:BTOC) Shares Shorted: Short Interest Down 43.7% in October

Armlogi Holding Corp. (NASDAQ:BTOC) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 105,173 shares, a drop of 43.7% from the September 30th total of 186,921 shares. Currently, 11.2% of the company’s shares are sold short. Based on an average daily trading volume, of 7,669 shares, the short-interest ratio is presently 13.7 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Armlogi in a research note on Friday, August 14th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Institutional Investors Weigh In On Armlogi

A hedge fund recently bought a new position in Armlogi stock. Bank of America Corp DE purchased a new position in shares of Armlogi Holding Corp. (NASDAQ:BTOC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 150,000 shares of the company’s stock, valued at approximately $45,000. Bank of America Corp DE owned 0.33% of Armlogi as of its most recent filing with the Securities and Exchange Commission (SEC).

Armlogi Stock Up 25.1%

BTOC traded up $0.56 during trading hours on Monday, hitting $2.79. 792,969 shares of the company’s stock were exchanged, compared to its average volume of 27,807. Armlogi has a 1-year low of $2.11 and a 1-year high of $11.49. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.06. The stock’s 50-day moving average is $3.79 and its two-hundred day moving average is $4.78. The stock has a market cap of $7.92 million, a price-to-earnings ratio of -0.38 and a beta of 2.90.

Armlogi (NASDAQ:BTOC) last issued its earnings results on Friday, September 25th. The company reported ($1.92) earnings per share (EPS) for the quarter. The firm had revenue of $43.14 million during the quarter. Armlogi had a negative net margin of 11.23% and a negative return on equity of 133.87%.

About Armlogi

Armlogi Holding Corp. is a logistics and warehousing company that provides supply-chain services to e-commerce businesses and other customers. Its operations are focused on helping clients store inventory, process orders and coordinate the movement of goods through fulfillment and transportation services.

The company’s service offerings include warehousing, inventory management, order fulfillment, freight transportation and related logistics support. These services are designed to provide an integrated solution for businesses that need to move products from suppliers to distribution facilities and, ultimately, to customers.

Armlogi serves customers through its logistics infrastructure in the United States, with operations associated primarily with e-commerce fulfillment and domestic distribution.