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

Armlogi Holding Corp. (NASDAQ:BTOC) was the recipient of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 110,035 shares, a decline of 48.4% from the August 31st total of 213,150 shares. Based on an average daily trading volume, of 25,000 shares, the short-interest ratio is presently 4.4 days. Approximately 0.7% of the company’s stock are sold short.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Armlogi

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

Armlogi Trading Up 1.4%

Shares of BTOC stock opened at $0.24 on Thursday. The stock has a market cap of $10.91 million, a P/E ratio of -0.52 and a beta of 2.86. The company has a current ratio of 0.44, a quick ratio of 0.54 and a debt-to-equity ratio of 0.06. The stock has a 50 day simple moving average of $0.28 and a 200 day simple moving average of $0.29. Armlogi has a 1 year low of $0.23 and a 1 year high of $0.95.

Armlogi (NASDAQ:BTOC) last posted its quarterly earnings results on Friday, September 25th. The company reported ($0.12) EPS for the quarter. The company had revenue of $43.14 million during the quarter. Armlogi had a negative net margin of 11.23% and a negative return on equity of 133.87%.

Armlogi Company Profile

Armlogi Holding Corp. (NASDAQ: BTOC) is a logistics and supply-chain services company focused on warehousing, order fulfillment and transportation support for e-commerce businesses and other commercial customers. The company helps clients manage inventory, process orders and move goods through distribution networks.

Its services include warehouse storage and management, inventory handling, fulfillment operations, transportation coordination and last-mile delivery. These capabilities are designed to support online retailers and brands that need outsourced logistics infrastructure for receiving, storing, picking, packing and shipping products to customers.

Armlogi operates in the United States and has developed warehouse and fulfillment capabilities intended to serve customers across multiple markets.