Singularity Future Technology Ltd. (NASDAQ:SGLY) Sees Large Decrease in Short Interest

Singularity Future Technology Ltd. (NASDAQ:SGLY) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totalling 89,400 shares, a decline of 49.5% from the September 30th total of 177,100 shares. Based on an average daily trading volume, of 213,100 shares, the short-interest ratio is currently 0.4 days. Currently, 2.6% of the shares of the stock are sold short.

Singularity Future Technology Stock Performance

SGLY stock traded up $0.04 during trading on Friday, reaching $1.64. 29,870 shares of the company were exchanged, compared to its average volume of 206,690. The company has a market cap of $5.74 million, a P/E ratio of -0.43 and a beta of 1.02. Singularity Future Technology has a 52-week low of $1.27 and a 52-week high of $7.65. The stock’s 50 day moving average price is $2.50 and its 200 day moving average price is $3.80.

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.