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

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

Hedge Funds Weigh In On Armlogi

A hedge fund 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 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 150,000 shares of the company’s stock, valued at approximately $45,000. Bank of America Corp DE owned approximately 0.33% of Armlogi as of its most recent filing with the Securities and Exchange Commission (SEC).

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Armlogi in a research note on Friday, August 14th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Armlogi Price Performance

BTOC traded up $0.10 during trading on Friday, reaching $2.23. 76,244 shares of the company were exchanged, compared to its average volume of 7,508. The company’s 50-day moving average is $3.79 and its two-hundred day moving average is $4.78. 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 has a market cap of $6.33 million, a price-to-earnings ratio of -0.30 and a beta of 2.90.

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

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.