Short Interest in Armlogi Holding Corp. (NASDAQ:BTOC) Increases By 92.6%

Armlogi Holding Corp. (NASDAQ:BTOC) was the target of a significant increase in short interest in November. As of November 15th, there was short interest totalling 70,300 shares, an increase of 92.6% from the October 31st total of 36,500 shares. Based on an average daily trading volume, of 366,900 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.6% of the shares of the stock are sold short.

Armlogi Price Performance

Shares of NASDAQ:BTOC traded down $0.24 on Friday, hitting $5.84. The company’s stock had a trading volume of 246,777 shares, compared to its average volume of 200,097. The company has a market capitalization of $243.12 million and a PE ratio of 584.00. The company has a 50-day simple moving average of $5.55 and a 200 day simple moving average of $5.00. Armlogi has a 1 year low of $3.27 and a 1 year high of $8.74.

Armlogi (NASDAQ:BTOC) last announced its earnings results on Thursday, September 26th. The company reported $0.01 earnings per share (EPS) for the quarter. Armlogi had a net margin of 0.02% and a return on equity of 0.11%. The business had revenue of $45.29 million during the quarter.

Institutional Investors Weigh In On Armlogi

A hedge fund recently bought a new stake in Armlogi stock. Symmetry Peak Management LLC acquired a new stake in shares of Armlogi Holding Corp. (NASDAQ:BTOC) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 20,628 shares of the company’s stock, valued at approximately $90,000.

Armlogi Company Profile

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.