Armlogi Holding Corp. (NASDAQ:BTOC) Shares Shorted: Short Interest Down 92.2% in October

Armlogi Holding Corp. (NASDAQ:BTOC) was the recipient of a significant decline in short interest during the month of October. As of October 30th, there was short interest totaling 8,242 shares, a decline of 92.2% from the October 15th total of 105,173 shares. Currently, 0.9% of the shares of the stock are sold short. Based on an average trading volume of 13,042 shares, the short-interest ratio is currently 0.6 days.

Analyst Ratings Changes

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

Institutional Trading of Armlogi

An institutional investor recently bought a new stake in Armlogi stock. Bank of America Corp DE purchased a new stake in Armlogi Holding Corp. (NASDAQ:BTOC) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 150,000 shares of the company’s stock, valued at approximately $45,000. Bank of America Corp DE owned about 0.33% of Armlogi at the end of the most recent quarter.

Armlogi Stock Performance

NASDAQ BTOC opened at $1.85 on Wednesday. The stock has a market cap of $5.24 million, a price-to-earnings ratio of -0.26 and a beta of 3.09. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.06. Armlogi has a fifty-two week low of $1.74 and a fifty-two week high of $11.49. The business has a fifty day moving average of $3.43 and a 200-day moving average of $4.57.

Armlogi (NASDAQ:BTOC) last issued its earnings results on Friday, September 25th. The company reported ($1.92) earnings per share 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.