Armlogi Holding Corp. (NASDAQ:BTOC - Get Free Report) was the recipient of a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 220,000 shares, a drop of 7.8% from the January 15th total of 238,500 shares. Based on an average daily volume of 295,000 shares, the days-to-cover ratio is currently 0.7 days. Approximately 2.0% of the shares of the company are short sold.
Armlogi Stock Up 3.0 %
NASDAQ:BTOC traded up $0.08 during midday trading on Friday, reaching $2.54. The stock had a trading volume of 122,338 shares, compared to its average volume of 218,362. The stock has a market cap of $105.66 million and a P/E ratio of -21.12. Armlogi has a 12-month low of $2.34 and a 12-month high of $8.74. The firm has a fifty day simple moving average of $4.11 and a two-hundred day simple moving average of $4.78.
Armlogi (NASDAQ:BTOC - Get Free Report) last issued its quarterly earnings results on Friday, February 14th. The company reported ($0.04) earnings per share (EPS) for the quarter. The firm had revenue of $51.14 million for the quarter. Armlogi had a negative return on equity of 15.30% and a negative net margin of 3.03%.
Hedge Funds Weigh In On Armlogi
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE purchased a new stake in shares of Armlogi in the fourth quarter valued at approximately $27,000. Symmetry Peak Management LLC acquired a new stake in Armlogi in the third quarter valued at $90,000. Millennium Management LLC purchased a new stake in shares of Armlogi during the 4th quarter worth $88,000. OMERS ADMINISTRATION Corp acquired a new position in shares of Armlogi during the 4th quarter worth $158,000. Finally, Squarepoint Ops LLC purchased a new position in shares of Armlogi in the 4th quarter valued at about $163,000.
Armlogi Company Profile
(
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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.
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