Singularity Future Technology (NASDAQ:SGLY) Trading Down 2.8%

Shares of Singularity Future Technology Ltd. (NASDAQ:SGLY – Get Rating) traded down 2.8% during mid-day trading on Tuesday . The stock traded as low as $0.68 and last traded at $0.69. 20,070 shares were traded during mid-day trading, a decline of 72% from the average session volume of 71,212 shares. The stock had previously closed at $0.71.

Singularity Future Technology Price Performance

The company's fifty day moving average is $0.66 and its 200-day moving average is $1.21.

Institutional Investors Weigh In On Singularity Future Technology

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC purchased a new position in shares of Singularity Future Technology during the 2nd quarter worth $211,000. Virtu Financial LLC purchased a new position in shares of Singularity Future Technology during the 2nd quarter worth $107,000. Millennium Management LLC purchased a new position in shares of Singularity Future Technology during the 2nd quarter worth $30,000. Goldman Sachs Group Inc. purchased a new position in shares of Singularity Future Technology during the 2nd quarter worth $60,000. Finally, Jane Street Group LLC boosted its stake in shares of Singularity Future Technology by 180.2% during the 3rd quarter. Jane Street Group LLC now owns 28,473 shares of the company's stock worth $71,000 after acquiring an additional 63,973 shares during the last quarter. Hedge funds and other institutional investors own 1.18% of the company's stock.

About Singularity Future Technology

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Singularity Future Technology Ltd. is a global logistics and ship management services company. The firm provides tailored solutions and value-added services to its customers to drive efficiency and control in related steps throughout the entire shipping and freight logistics chain. It operates through the following segments: Shipping Agency and Management Services, Freight Logistics Services, and Container Trucking Services.

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