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

Shares of SGLY opened at $4.01 on Friday. The businesss 50-day moving average is $4.75 and its two-hundred day moving average is $4.56. The company has a market capitalization of $14.04 million, a P/E ratio of -1.06 and a beta of 1.01. Singularity Future Technology has a fifty-two week low of $2.00 and a fifty-two week high of $8.00.

Singularity Future Technology (NASDAQ:SGLY Get Free Report) last announced its quarterly 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 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.

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Originally posted here:

Short Interest in Singularity Future Technology Ltd. (NASDAQ:SGLY) Drops By 14.8% - Defense World