Armlogi Holding Corp. (NASDAQ:BTOC) Sees Significant Increase in Short Interest

by · The Markets Daily

Armlogi Holding Corp. (NASDAQ:BTOC – Get Free Report) was the target of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 1,159,315 shares, an increase of 559.2% from the February 12th total of 175,858 shares. Currently, 7.7% of the shares of the company are sold short. Based on an average trading volume of 4,047,701 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 4,047,701 shares, the short-interest ratio is currently 0.3 days. Currently, 7.7% of the shares of the company are sold short.

Armlogi Stock Performance

NASDAQ BTOC traded down $0.00 during trading on Tuesday, hitting $0.28. 176,153 shares of the company’s stock traded hands, compared to its average volume of 2,101,006. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market capitalization of $12.78 million, a price-to-earnings ratio of -0.62 and a beta of 2.78. Armlogi has a 12-month low of $0.24 and a 12-month high of $1.91. The business has a 50 day moving average of $0.44 and a 200-day moving average of $0.68.

Armlogi (NASDAQ:BTOC – Get Free Report) last posted its earnings results on Friday, February 13th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $51.54 million during the quarter, compared to analysts’ expectations of $61.37 million.

Institutional Investors Weigh In On Armlogi

A hedge fund recently raised its stake in Armlogi stock. Millennium Management LLC raised its holdings in Armlogi Holding Corp. (NASDAQ:BTOC – Free Report) by 615.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 109,500 shares of the company’s stock after acquiring an additional 94,203 shares during the period. Millennium Management LLC owned approximately 0.24% of Armlogi worth $88,000 at the end of the most recent reporting period.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Armlogi in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

View Our Latest Stock Report on Armlogi

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.

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