Armlogi Holding Corp. (NASDAQ:BTOC) Stock Short Interest Jumps 69.9%

Key Points

• Armlogi’s short interest surged 69.9% to 186,921 shares by September 30, representing about 1.2% of shares outstanding and 2.8 days of average trading volume.
• Analyst sentiment remains negative: Weiss Ratings reaffirmed a “sell (e+)” rating, and the sole covering analyst consensus is “Sell.”
• Shares rose 5.9% to $3.07, but Armlogi reported a quarterly loss of $1.92 per share, negative net margins and return on equity, and revenue of $43.14 million.

Armlogi Holding Corp. (NASDAQ:BTOC - Get Free Report) saw a significant increase in short interest in 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. Approximately 1.2% of the company's shares are sold short. Based on an average daily volume of 66,875 shares, the short-interest ratio is presently 2.8 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Armlogi in a research note on Friday, August 14th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company presently has a consensus rating of "Sell".

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 - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 150,000 shares of the company's stock, valued at approximately $45,000. Bank of America Corp DE owned 0.33% of Armlogi at the end of the most recent reporting period.

Armlogi Stock Up 5.9%

BTOC stock traded up $0.17 during mid-day trading on Thursday, hitting $3.07. 17,782 shares of the company were exchanged, compared to its average volume of 24,767. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.44 and a current ratio of 0.44. Armlogi has a 1-year low of $2.43 and a 1-year high of $12.32. The firm's 50 day simple moving average is $4.28 and its 200 day simple moving average is $4.52. The firm has a market cap of $139.51 million, a P/E ratio of -6.67 and a beta of 2.90.

Armlogi (NASDAQ:BTOC - Get Free Report) last released its quarterly earnings results on Friday, September 25th. The company reported ($1.92) earnings per share 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.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.