Singularity Future Technology Ltd. (NASDAQ:SGLY) Short Interest Up 93.1% in December

Singularity Future Technology Ltd. (NASDAQ:SGLY) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totalling 33,800 shares, a growth of 93.1% from the December 15th total of 17,500 shares. Currently, 1.0% of the company’s stock are sold short. Based on an average daily volume of 31,400 shares, the days-to-cover ratio is presently 1.1 days.

Singularity Future Technology Stock Up 21.5 %

Shares of SGLY traded up $0.52 during midday trading on Thursday, reaching $2.94. 147,770 shares of the stock were exchanged, compared to its average volume of 98,426. The firm has a 50 day simple moving average of $1.78 and a 200-day simple moving average of $2.62. Singularity Future Technology has a 12-month low of $1.27 and a 12-month high of $7.65. The company has a market cap of $10.29 million, a price-to-earnings ratio of -4.26 and a beta of 1.05.

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

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.