Armlogi Holding Corp. (NASDAQ:BTOC) Short Interest Up 559.2% in February

Armlogi Holding Corp. (NASDAQ:BTOC) was the recipient of a significant increase in short interest in February. As of February 27th, there was short interest totaling 1,159,315 shares, an increase of 559.2% from the February 12th total of 175,858 shares. Currently, 7.7% of the shares of the stock are short sold. Based on an average daily volume of 4,047,701 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 4,047,701 shares, the short-interest ratio is presently 0.3 days. Currently, 7.7% of the shares of the stock are short sold.

Armlogi Trading Down 1.7%

BTOC stock opened at $0.28 on Wednesday. The firm has a fifty day moving average price of $0.44 and a 200 day moving average price of $0.68. Armlogi has a fifty-two week low of $0.24 and a fifty-two week high of $1.91. The firm has a market cap of $12.78 million, a PE ratio of -0.62 and a beta of 2.78. 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:BTOC) last released its quarterly earnings results on Friday, February 13th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $51.54 million for the quarter, compared to analysts’ expectations of $61.37 million.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Armlogi in a research note on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Armlogi stock. Bank of America Corp DE purchased a new position in Armlogi Holding Corp. (NASDAQ:BTOC) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 6,434 shares of the company’s stock, valued at approximately $27,000.

About Armlogi

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.