Singularity Future Technology Ltd. (NASDAQ:SGLY – Get Free Report) was the recipient of a large drop in short interest during the month of July. As of July 15, there was a total short interest of 40,800 shares, a decrease of 14.8% from the total of 47,900 shares as of June 30. Currently, 1.2% of the company’s shares are being sold short. Based on an average trading volume of 26,700 shares, the short interest ratio is currently 1.5 days.

Singularity Future Technology Stock Return

Shares of SGLY opened at $4.01 on Friday. The company’s 50-day moving average is $4.75 and its 200-day moving average is $4.56. The company has a market cap of $14.04 million, a price/earnings ratio of -1.06, and a beta of 1.01. Singularity Future Technology has a 52-week low of $2.00 and a 52-week high of $8.00.

Singularity Future Technology (NASDAQ:SGLY – Get Free Report) last announced its quarterly results on Wednesday, May 15. 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%.

About Singularity Future Technology

(Get free report)

Singularity Future Technology Ltd. operates as an integrated logistics solutions provider in China and the United States. It provides freight logistics services including shipping, transportation, warehousing, pick-up, last-mile delivery, drop shipping, customs clearance and overseas transit delivery services.

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