Short Interest in Springview Holdings Ltd (NASDAQ:SPHL) Expands By 292.7%

Springview Holdings Ltd (NASDAQ:SPHL – Get Free Report) saw a large growth in short interest in June. As of June 15th, there was short interest totaling 43,145 shares, a growth of 292.7% from the May 31st total of 10,986 shares. Approximately 1.9% of the company’s stock are short sold. Based on an average daily volume of 3,964,485 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Springview from a “sell (d)” rating to a “sell (e+)” rating in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

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Springview Price Performance

SPHL stock traded down $0.08 during midday trading on Friday, reaching $2.70. 10,005 shares of the company’s stock traded hands, compared to its average volume of 2,248,302. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.37 and a current ratio of 3.37. The firm’s fifty day moving average price is $2.82 and its 200-day moving average price is $3.25. Springview has a 52 week low of $1.92 and a 52 week high of $25.11.

Springview (NASDAQ:SPHL – Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The company reported ($0.07) earnings per share for the quarter. The business had revenue of $1.57 million for the quarter.

Springview Company Profile

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Our company, through our indirect wholly owned subsidiary, Springview Enterprises Pte. Ltd. (“Springview Singapore”), designs and constructs residential and commercial buildings in Singapore. Our projects cover four main types of work: (i) new construction, (ii) reconstruction, (iii) additions and alterations (A&A), and (iv) other general contracting services. For new construction, an existing house will be demolished, and a new house will be rebuilt. Our reconstruction work involves replacement of a substantial part of a house.

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