Armlogi Holding Corp. (NASDAQ:BTOC) Short Interest Update

Armlogi Holding Corp. (NASDAQ:BTOC) saw a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 190,209 shares, a drop of 33.1% from the December 31st total of 284,526 shares. Based on an average trading volume of 29,553 shares, the days-to-cover ratio is presently 6.4 days. Currently, 1.3% of the company’s shares are short sold. Currently, 1.3% of the company’s shares are short sold. Based on an average trading volume of 29,553 shares, the days-to-cover ratio is presently 6.4 days.

Institutional Investors Weigh In On Armlogi

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

Analyst Upgrades and Downgrades

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

Armlogi Trading Down 2.0%

Shares of NASDAQ:BTOC traded down $0.01 during midday trading on Friday, reaching $0.49. The company’s stock had a trading volume of 31,517 shares, compared to its average volume of 22,740. Armlogi has a fifty-two week low of $0.41 and a fifty-two week high of $4.50. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a 50 day moving average price of $0.57 and a two-hundred day moving average price of $0.92. The firm has a market capitalization of $22.04 million, a price-to-earnings ratio of -1.18 and a beta of 2.51.

Armlogi (NASDAQ:BTOC) last issued its earnings results on Thursday, November 13th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.14). The business had revenue of $49.47 million during the quarter, compared to the consensus estimate of $50.98 million. Armlogi had a negative return on equity of 62.11% and a negative net margin of 8.72%.

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.