Armlogi Holding Corp. (NASDAQ:BTOC) Short Interest Up 36.7% in March

Armlogi Holding Corp. (NASDAQ:BTOC) was the recipient of a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 572,567 shares, a growth of 36.7% from the March 15th total of 418,846 shares. Based on an average trading volume of 796,437 shares, the short-interest ratio is currently 0.7 days. Currently, 3.8% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Armlogi

An institutional investor recently bought a new position in Armlogi stock. Bank of America Corp DE purchased a new stake in Armlogi Holding Corp. (NASDAQ:BTOC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 6,434 shares of the company’s stock, valued at approximately $27,000.

Armlogi Stock Performance

NASDAQ BTOC traded up $0.00 during trading hours on Wednesday, reaching $0.28. The company’s stock had a trading volume of 82,332 shares, compared to its average volume of 783,861. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.04. The business has a 50-day simple moving average of $0.32 and a 200 day simple moving average of $0.51. Armlogi has a 52 week low of $0.23 and a 52 week high of $1.91. The stock has a market cap of $12.90 million, a PE ratio of -0.63 and a beta of 2.66.

Armlogi (NASDAQ:BTOC) last issued its earnings results on Friday, February 13th. The company reported ($0.08) earnings per share (EPS) 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 business had revenue of $51.54 million during the quarter, compared to the consensus estimate of $61.37 million.

Armlogi Company Profile

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.