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

Armlogi Holding Corp. (NASDAQ:BTOCGet Free Report) was the target of a large decrease in short interest in 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. Currently, 2.4% of the shares of the stock are short sold. Based on an average trading volume of 274,231 shares, the short-interest ratio is currently 1.3 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Armlogi in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Armlogi presently has a consensus rating of “Sell”.

Read Our Latest Research Report on Armlogi

Institutional Trading of Armlogi

A hedge fund recently raised its stake in Armlogi stock. Millennium Management LLC boosted its stake in shares of Armlogi Holding Corp. (NASDAQ:BTOCFree Report) by 615.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 109,500 shares of the company’s stock after buying an additional 94,203 shares during the period. Millennium Management LLC owned approximately 0.24% of Armlogi worth $88,000 at the end of the most recent quarter.

Armlogi Stock Performance

NASDAQ:BTOC opened at $0.29 on Tuesday. The stock’s fifty day moving average is $0.29 and its 200 day moving average is $0.47. Armlogi has a fifty-two week low of $0.23 and a fifty-two week high of $1.91. The firm has a market capitalization of $13.14 million, a PE ratio of -0.64 and a beta of 2.66. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.65 and a current ratio of 0.65.

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

About Armlogi

(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

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