Armlogi Holding Corp. (NASDAQ:BTOC) Short Interest Down 18.2% in February

by · The Cerbat Gem

Armlogi Holding Corp. (NASDAQ:BTOC – Get Free Report) saw a large decrease in short interest in the month of February. As of February 13th, there was short interest totaling 175,858 shares, a decrease of 18.2% from the January 29th total of 215,056 shares. Based on an average daily trading volume, of 36,663 shares, the days-to-cover ratio is currently 4.8 days. Approximately 1.2% of the shares of the company are short sold. Approximately 1.2% of the shares of the company are short sold. Based on an average daily trading volume, of 36,663 shares, the days-to-cover ratio is currently 4.8 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Armlogi in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Get Our Latest Stock Analysis on Armlogi

Armlogi Price Performance

NASDAQ BTOC traded up $0.01 during mid-day trading on Tuesday, hitting $0.30. The stock had a trading volume of 155,029 shares, compared to its average volume of 972,684. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.65 and a quick ratio of 0.65. The firm’s 50 day moving average is $0.47 and its 200 day moving average is $0.73. Armlogi has a twelve month low of $0.25 and a twelve month high of $2.11. The stock has a market capitalization of $13.54 million, a price-to-earnings ratio of -0.66 and a beta of 2.79.

Armlogi (NASDAQ:BTOC – Get Free Report) last released its quarterly earnings data on Friday, February 13th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.12). Armlogi had a negative return on equity of 80.73% and a negative net margin of 9.81%.The company had revenue of $51.54 million for the quarter, compared to analyst estimates of $61.37 million.

Institutional Trading of Armlogi

A hedge fund recently raised its stake in Armlogi stock. Millennium Management LLC raised its position in Armlogi Holding Corp. (NASDAQ:BTOC – Free Report) by 615.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 109,500 shares of the company’s stock after purchasing an additional 94,203 shares during the period. Millennium Management LLC owned 0.24% of Armlogi worth $88,000 as of its most recent filing with the Securities and Exchange Commission.

Armlogi Company Profile

(Get Free Report)

Armlogi Holding Corp. is a warehousing and logistics service provider which offers a comprehensive package of supply-chain solutions related to warehouse management and order fulfillment. Armlogi Holding Corp. is based in WALNUT, CA.

Read More