Armlogi Holding Corp. (NASDAQ:BTOC) Sees Large Drop in Short Interest

Armlogi Holding Corp. (NASDAQ:BTOCGet Free Report) saw a large decrease in short interest in the month of April. As of April 15th, there was short interest totaling 359,394 shares, a decrease of 37.2% from the March 31st total of 572,567 shares. Based on an average daily trading volume, of 274,231 shares, the short-interest ratio is presently 1.3 days. Currently, 2.4% of the company’s shares are short sold.

Hedge Funds Weigh In On Armlogi

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

Armlogi Stock Performance

Shares of Armlogi stock opened at $0.29 on Tuesday. The stock’s fifty day moving average is $0.29 and its two-hundred day moving average is $0.47. The company has a market capitalization of $13.14 million, a PE ratio of -0.64 and a beta of 2.66. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.04. Armlogi has a 52 week low of $0.23 and a 52 week high of $1.91.

Armlogi (NASDAQ:BTOCGet Free Report) last announced its quarterly earnings data on Friday, February 13th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.12). The business had revenue of $51.54 million during the quarter, compared to the consensus estimate of $61.37 million. Armlogi had a negative net margin of 9.81% and a negative return on equity of 80.73%.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Stock Analysis 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.

Further Reading

Receive News & Ratings for Armlogi Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Armlogi and related companies with MarketBeat.com's FREE daily email newsletter.