Armlogi Holding Corp. (NASDAQ:BTOC) Stock Short Interest Report for October

Armlogi Holding Corp. (NASDAQ:BTOC) was the recipient of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 105,173 shares, a decline of 43.7% from the September 30th total of 186,921 shares. Based on an average daily volume of 7,669 shares, the days-to-cover ratio is currently 13.7 days. Currently, 11.2% of the company’s shares are short sold.

Institutional Trading of Armlogi

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

Armlogi Stock Up 4.7%

Shares of BTOC stock traded up $0.10 during mid-day trading on Friday, reaching $2.23. 76,244 shares of the company’s stock traded hands, compared to its average volume of 7,508. The company has a market cap of $6.33 million, a P/E ratio of -0.30 and a beta of 2.90. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.06. Armlogi has a 12 month low of $2.11 and a 12 month high of $11.49. The company’s 50-day moving average price is $3.79 and its 200-day moving average price is $4.78.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Armlogi in a report on Friday, August 14th. One 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.

Armlogi serves customers through its logistics infrastructure in the United States, with operations associated primarily with e-commerce fulfillment and domestic distribution.