Simpple Ltd. (NASDAQ:SPPL) Short Interest Down 49.5% in June

Simpple Ltd. (NASDAQ:SPPL – Get Free Report) saw a significant drop in short interest in June. As of June 15th, there was short interest totaling 161,328 shares, a drop of 49.5% from the May 31st total of 319,764 shares. Approximately 2.8% of the company’s stock are short sold. Based on an average trading volume of 2,391,247 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Simpple

A hedge fund recently bought a new position in Simpple stock. Connective Capital Management LLC bought a new position in Simpple Ltd. (NASDAQ:SPPL – Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 7,862 shares of the company’s stock, valued at approximately $46,000. Connective Capital Management LLC owned approximately 0.16% of Simpple at the end of the most recent quarter. 0.01% of the stock is owned by institutional investors.

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Simpple Stock Up 0.7%

SPPL traded up $0.03 during trading on Tuesday, hitting $3.92. The company had a trading volume of 563,226 shares, compared to its average volume of 775,377. Simpple has a 1-year low of $1.50 and a 1-year high of $7.00. The company has a current ratio of 0.91, a quick ratio of 0.80 and a debt-to-equity ratio of 0.12. The business has a 50-day moving average of $3.08 and a 200-day moving average of $3.04.

Simpple (NASDAQ:SPPL – Get Free Report) last announced its quarterly earnings data on Wednesday, April 8th. The company reported ($0.16) earnings per share for the quarter. The business had revenue of $0.92 million for the quarter.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SPPL shares. Wall Street Zen upgraded Simpple to a “hold” rating in a research note on Saturday, June 6th. Weiss Ratings restated a “sell (e+)” rating on shares of Simpple in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Read Our Latest Stock Report on Simpple

About Simpple

(Get Free Report)

Simpple Ltd. provides advanced technology solutions in Singapore. The company engages in the sale, warranty, and maintenance of autonomous robotic cleaning equipment. It also offers SIMPPLE Ecosystem platform includes SIMPPLE Software, a software platform comprising modules related to quality management, workflow management, and people management; SIMPPLE PLUS, which offers complimentary peripherals, such as IoT sensors and robotic solutions that add value to the entire ecosystem that the company distributes, sells, and manages; and SIMPPLE.AI, a next generation facilities management autonomic intelligence engine that automates robotic and human workforce deployments.

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