Singularity Future Technology Ltd. (NASDAQ:SGLY – Get Free Report) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 174,836 shares, a growth of 46.7% from the December 15th total of 119,141 shares. Approximately 4.6% of the company’s shares are short sold. Based on an average trading volume of 1,051,371 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 1,051,371 shares, the days-to-cover ratio is presently 0.2 days. Approximately 4.6% of the company’s shares are short sold.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Singularity Future Technology in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.
Get Our Latest Report on Singularity Future Technology
Singularity Future Technology Trading Up 4.5%
Singularity Future Technology Company Profile
Singularity Future Technology Corp. is a blank check company incorporated in Delaware in March 2021. The company completed its initial public offering that same month and its units began trading on the Nasdaq under the ticker symbol SGLY. It was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other business combination with one or more businesses or entities.
Through its acquisition strategy, Singularity Future Technology seeks to identify high-growth targets in emerging technology sectors such as artificial intelligence, blockchain applications, digital infrastructure and other related fields.
Recommended Stories
- Five stocks we like better than Singularity Future Technology
- Do not delete, read immediately
- How a Family Trust May Be Able To Help Preserve Your Wealth
- The Crash Has Already Started (Most Just Don’t See It Yet)
- Wall Street Alert: Buy AES
- Trump Planning to Use Public Law 63-43: Prepare Now
Receive News & Ratings for Singularity Future Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Singularity Future Technology and related companies with MarketBeat.com's FREE daily email newsletter.
