Armlogi Holding Corp. (NASDAQ:BTOC) Short Interest Update

Armlogi Holding Corp. (NASDAQ:BTOC) was the target of a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 393,531 shares, a decrease of 39.5% from the November 30th total of 650,946 shares. Approximately 2.6% of the shares of the stock are sold short. Based on an average trading volume of 98,673 shares, the days-to-cover ratio is presently 4.0 days. Based on an average trading volume of 98,673 shares, the days-to-cover ratio is presently 4.0 days. Approximately 2.6% of the shares of the stock are sold short.

Armlogi Stock Up 1.2%

Shares of BTOC stock traded up $0.01 during mid-day trading on Friday, reaching $0.56. 30,228 shares of the company’s stock traded hands, compared to its average volume of 85,975. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.02. The company has a market cap of $25.59 million, a P/E ratio of -1.37 and a beta of 2.46. The company’s 50-day moving average price is $0.60 and its 200-day moving average price is $1.09. Armlogi has a 12 month low of $0.41 and a 12 month high of $4.85.

Armlogi (NASDAQ:BTOC) last issued its quarterly earnings results on Thursday, November 13th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.14). The company had revenue of $49.47 million for the quarter, compared to the consensus estimate of $50.98 million. Armlogi had a negative net margin of 8.72% and a negative return on equity of 62.11%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Armlogi in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Institutional Trading of Armlogi

An institutional investor recently raised its position in Armlogi stock. Millennium Management LLC boosted its position in shares of Armlogi Holding Corp. (NASDAQ:BTOC) by 615.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 109,500 shares of the company’s stock after acquiring an additional 94,203 shares during the period. Millennium Management LLC owned 0.24% of Armlogi worth $88,000 at the end of the most recent quarter.

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.