Singularity Future Technology Ltd. (NASDAQ:SGLY) Short Interest Up 497.4% in August

Singularity Future Technology Ltd. (NASDAQ:SGLY) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 205,500 shares, a growth of 497.4% from the August 15th total of 34,400 shares. Based on an average daily volume of 182,400 shares, the short-interest ratio is presently 1.1 days. Approximately 5.9% of the company’s shares are short sold.

Singularity Future Technology Stock Down 4.8 %

Singularity Future Technology stock traded down $0.08 during midday trading on Thursday, reaching $1.58. The stock had a trading volume of 92,815 shares, compared to its average volume of 223,520. The firm has a market cap of $5.53 million, a price-to-earnings ratio of -0.42 and a beta of 1.06. Singularity Future Technology has a 52-week low of $1.51 and a 52-week high of $8.00. The company has a fifty day moving average of $4.05 and a 200 day moving average of $4.29.

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.