Armlogi Holding Corp. (NASDAQ:BTOC) Sees Significant Increase in Short Interest

Armlogi Holding Corp. (NASDAQ:BTOC) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 186,921 shares, an increase of 69.9% from the September 15th total of 110,035 shares. Based on an average trading volume of 66,875 shares, the short-interest ratio is currently 2.8 days. Currently, 1.2% of the shares of the stock are sold short.

Armlogi Trading Down 7.2%

Shares of NASDAQ:BTOC traded down $0.22 during midday trading on Friday, hitting $2.83. The company had a trading volume of 25,284 shares, compared to its average volume of 6,251. Armlogi has a 12 month low of $2.43 and a 12 month high of $11.80. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.06. The stock has a market cap of $8.04 million, a price-to-earnings ratio of -0.38 and a beta of 2.90. The firm has a fifty day simple moving average of $4.22 and a 200 day simple moving average of $4.50.

Armlogi (NASDAQ:BTOC) last released its quarterly earnings data on Friday, September 25th. The company reported ($1.92) EPS for the quarter. Armlogi had a negative net margin of 11.23% and a negative return on equity of 133.87%. The company had revenue of $43.14 million during the quarter.

Hedge Funds Weigh In On Armlogi

A hedge fund recently bought a new position in Armlogi stock. Bank of America Corp DE purchased a new stake in Armlogi Holding Corp. (NASDAQ:BTOC) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 150,000 shares of the company’s stock, valued at approximately $45,000. Bank of America Corp DE owned about 0.33% of Armlogi at the end of the most recent reporting period.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Armlogi in a research report on Friday, August 14th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, Armlogi currently has a consensus rating of “Sell”.

About Armlogi

Armlogi Holding Corp. is a logistics and warehousing company that provides supply-chain services for businesses operating in e-commerce and other commercial sectors. Its activities include warehouse management, inventory storage, order fulfillment, transportation coordination, and related logistics support.

The company’s services are designed to help customers manage the movement of goods from suppliers and storage facilities to end customers. Armlogi has focused on serving online retailers and other businesses that require third-party logistics, including storage, packaging, distribution, and delivery support.

Armlogi is based in the United States and has developed logistics and warehousing operations to support domestic fulfillment needs.