Posted by Defense World Staff on Jun 1st, 2024 
Singularity Future Technology Ltd. (NASDAQ:SGLY – Get Free Report) was the target of a significant drop in short interest in May. As of May 15th, there was short interest totalling 48,900 shares, a drop of 16.4% from the April 30th total of 58,500 shares. Based on an average daily volume of 405,600 shares, the short-interest ratio is currently 0.1 days. Approximately 1.4% of the shares of the stock are sold short.
Shares of SGLY stock opened at $4.46 on Friday. The business has a 50-day moving average price of $4.66 and a two-hundred day moving average price of $4.65. Singularity Future Technology has a 12-month low of $2.00 and a 12-month high of $8.00.
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Singularity Future Technology Ltd. operates as an integrated logistics solutions provider in China and the United States. It offers freight logistics services, including shipping, transportation, warehouse, collection, last-mile delivery, drop shipping, customs clearance, and overseas transit delivery services.
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