Armlogi Holding Corp. (NASDAQ:BTOC) Short Interest Up 84.7% in February

Armlogi Holding Corp. (NASDAQ:BTOC) was the target of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 406,300 shares, an increase of 84.7% from the January 31st total of 220,000 shares. Based on an average daily volume of 243,400 shares, the days-to-cover ratio is presently 1.7 days. Approximately 3.6% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE acquired a new stake in Armlogi during the 4th quarter worth $27,000. Millennium Management LLC purchased a new position in shares of Armlogi in the fourth quarter worth about $88,000. Symmetry Peak Management LLC purchased a new position in shares of Armlogi in the third quarter worth about $90,000. OMERS ADMINISTRATION Corp acquired a new position in Armlogi during the fourth quarter worth about $158,000. Finally, Squarepoint Ops LLC purchased a new stake in Armlogi during the 4th quarter valued at about $163,000.

Armlogi Stock Down 9.1 %

BTOC stock opened at $2.09 on Tuesday. The stock has a market capitalization of $87.10 million and a P/E ratio of -17.42. Armlogi has a 52 week low of $1.90 and a 52 week high of $8.74. The firm has a 50-day simple moving average of $3.76 and a 200-day simple moving average of $4.66.

Armlogi (NASDAQ:BTOC) last posted its quarterly earnings data on Friday, February 14th. The company reported ($0.04) EPS for the quarter. The firm had revenue of $51.14 million for the quarter. Armlogi had a negative return on equity of 15.30% and a negative net margin of 3.03%.

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.