Singularity Future Technology Ltd. (NASDAQ:SGLY) Short Interest Up 177.7% in February

Singularity Future Technology Ltd. (NASDAQ:SGLY) was the target of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 134,700 shares, a growth of 177.7% from the January 31st total of 48,500 shares. Based on an average trading volume of 1,070,000 shares, the short-interest ratio is presently 0.1 days. Approximately 3.2% of the shares of the stock are sold short.

Singularity Future Technology Price Performance

SGLY stock traded down $0.01 during midday trading on Friday, reaching $0.80. 28,051 shares of the stock were exchanged, compared to its average volume of 1,778,663. The stock has a market capitalization of $3.37 million, a PE ratio of -1.11 and a beta of 0.99. Singularity Future Technology has a 52 week low of $0.66 and a 52 week high of $7.65. The company has a fifty day moving average price of $1.57 and a 200 day moving average price of $1.96.

Singularity Future Technology (NASDAQ:SGLY) last announced its earnings results on Wednesday, February 19th. The company reported ($0.19) EPS for the quarter. The company had revenue of $0.48 million for the quarter. Singularity Future Technology had a negative return on equity of 25.97% and a negative net margin of 132.89%.

About Singularity Future Technology

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.