Short Interest in Singularity Future Technology Ltd. (NASDAQ:SGLY) Declines By 14.8%

Singularity Future Technology Ltd. (NASDAQ:SGLY) saw a large decline in short interest during the month of July. As of July 15th, there was short interest totalling 40,800 shares, a decline of 14.8% from the June 30th total of 47,900 shares. Approximately 1.2% of the shares of the company are short sold. Based on an average daily volume of 26,700 shares, the short-interest ratio is presently 1.5 days.

Singularity Future Technology Trading Up 1.5 %

NASDAQ:SGLY opened at $4.07 on Tuesday. The company has a market cap of $14.25 million, a PE ratio of -1.08 and a beta of 1.01. Singularity Future Technology has a twelve month low of $2.00 and a twelve month high of $8.00. The company’s 50 day moving average is $4.74 and its two-hundred day moving average is $4.55.

Singularity Future Technology (NASDAQ:SGLY) last released its earnings results on Wednesday, May 15th. The company reported ($0.32) earnings per share for the quarter. The company had revenue of $0.45 million for the quarter. Singularity Future Technology had a negative return on equity of 97.21% and a negative net margin of 255.35%.

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.