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

Armlogi Holding Corp. (NASDAQ:BTOC) was the recipient of a significant decrease in short interest during the month of October. As of October 30th, there was short interest totaling 8,242 shares, a decrease of 92.2% from the October 15th total of 105,173 shares. Currently, 0.9% of the company’s stock are short sold. Based on an average daily volume of 13,042 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Armlogi stock. Bank of America Corp DE acquired a new stake in shares of Armlogi Holding Corp. (NASDAQ:BTOC) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 150,000 shares of the company’s stock, valued at approximately $45,000. Bank of America Corp DE owned approximately 0.33% of Armlogi as of its most recent SEC filing.

Armlogi Price Performance

BTOC traded down $0.04 during trading on Tuesday, reaching $1.81. The stock had a trading volume of 7,004 shares, compared to its average volume of 28,277. The stock has a market cap of $5.14 million, a PE ratio of -0.25 and a beta of 3.09. Armlogi has a one year low of $1.74 and a one year high of $11.49. The business has a 50-day moving average of $3.49 and a 200-day moving average of $4.60. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.44 and a current ratio of 0.44.

Armlogi (NASDAQ:BTOC) last announced its quarterly earnings results on Friday, September 25th. The company reported ($1.92) earnings per share (EPS) for the quarter. The firm had revenue of $43.14 million during the quarter. Armlogi had a negative return on equity of 133.87% and a negative net margin of 11.23%.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Armlogi in a report on Friday, August 14th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Armlogi currently has an average rating of “Sell”.

About Armlogi

Armlogi Holding Corp. is a logistics and warehousing company that provides supply-chain services to e-commerce businesses and other customers. Its operations are focused on helping clients store inventory, process orders and coordinate the movement of goods through fulfillment and transportation services. The company’s service offerings include warehousing, inventory management, order fulfillment, freight transportation and related logistics support. These services are designed to provide an integrated solution for businesses that need to move products from suppliers to distribution facilities and, ultimately, to customers.