On May 15th, Singularity Future Technology Ltd. (NASDAQ:SGLY) experienced a significant decrease in short interest. The number of shares sold short dropped by 16.4% from the April 30th total of 58,500 shares to 48,900 shares on May 15th. With an average daily volume of 405,600 shares, the short-interest ratio is currently at 0.1 days, and approximately 1.4% of the stock’s shares are sold short.
On Friday, May 27th, Singularity Future Technology Ltd.’s SGLY stock opened at $4.46 with a moving average price of $4.66 over the past 50 days and $4.65 over the past two hundred days. The stock has reached its lowest price in the past year at $2.00 and its highest price at $8.00 in the same period.
Singularity Future Technology Ltd., headquartered in Hong Kong and Shanghai, operates as an integrated logistics solutions provider in China and the United States. They offer a range of services including shipping, transportation, warehouse storage, collection, last-mile delivery, drop shipping, customs clearance and overseas transit delivery services to their customers worldwide
