Armlogi Holding Corp. (NASDAQ:BTOC – Get 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:BTOC – Free 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.
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
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
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