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.

Singularity Future Technology Stock Performance

Shares of SGLY opened at $4.01 on Friday. The business’s 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%.

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 offers freight logistics services, including shipping, transportation, warehouse, collection, last-mile delivery, drop shipping, customs clearance, and overseas transit delivery services.

Featured Articles

Receive News & Ratings for Singularity Future Technology Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Singularity Future Technology and related companies with MarketBeat.com’s FREE daily email newsletter.