SinglePoint Inc. (OTCMKTS:SING) sees a significant drop in short-term interest

SinglePoint Inc. (OTCMKTS: SINGGet a rating) benefited from a sharp drop in short-term interest rates in March. As of March 31, there was short interest totaling 30,200 shares, down 63.6% from the March 15 total of 82,900 shares. Based on an average daily volume of 679,100 shares, the short-term interest rate ratio is currently 0.0 day.

Shares of SING actions traded at $0.01 during Friday trading hours, rising to $0.09. 207,672 shares were traded, against an average volume of 420,732. SinglePoint has a 12-month low of $0.05 and a 12-month high of $1.19. The company has a current ratio of 0.23, a quick ratio of 0.20 and a debt ratio of 11.22. The company’s 50-day moving average price is $0.12 and its 200-day moving average price is $0.13. The company has a market capitalization of $6.34 million, a price-earnings ratio of -1.03 and a beta of -0.02.

About SinglePoint (Get a rating)

SinglePoint Inc is focused on providing renewable energy solutions and energy efficient applications in the United States. It offers solar and air purification services; and solar installation and financing brokerage services. The Company also operates as an online retailer of health, wealth and lifestyle products; and provides hydroponic supplies and nutrients to commercial and individual growers through online stores, as well as nutrients, lights, HVAC systems, and other products to those interested in horticulture.

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