Simpple Ltd. (NASDAQ:SPPL – Get Free Report) saw a significant decrease in short interest in October. As of October 15th, there was short interest totaling 2,518 shares, a decrease of 53.0% from the September 30th total of 5,359 shares. Based on an average daily volume of 2,964 shares, the short-interest ratio is currently 0.8 days. Approximately 0.0% of the shares of the stock are short sold.
Simpple Trading Up 7.9%
Shares of Simpple stock traded up $0.17 during midday trading on Friday, hitting $2.32. 10,597 shares of the company traded hands, compared to its average volume of 15,933. Simpple has a 12 month low of $1.50 and a 12 month high of $6.20. The firm’s fifty day moving average price is $2.03 and its 200-day moving average price is $2.66.
Simpple (NASDAQ:SPPL – Get Free Report) last issued its earnings results on Saturday, October 31st. The company reported ($0.11) earnings per share (EPS) for the quarter. The business had revenue of $1.96 million during the quarter.
Hedge Funds Weigh In On Simpple
A hedge fund recently bought a new position in Simpple stock. Susquehanna International Group LLP purchased a new position in Simpple Ltd. (NASDAQ:SPPL – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 29,444 shares of the company’s stock, valued at approximately $115,000. Susquehanna International Group LLP owned 0.51% of Simpple as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 0.01% of the company’s stock.
Wall Street Analysts Forecast Growth
SPPL has been the subject of a number of analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Simpple in a report on Thursday, October 15th. Wall Street Zen raised shares of Simpple from a “sell” rating to a “hold” rating in a research report on Sunday, September 27th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company presently has a consensus rating of “Sell”.
View Our Latest Research Report on SPPL
About Simpple
Simpple Ltd. is a Singapore-based technology company that develops artificial intelligence and Internet of Things solutions for smart building management. Its software is designed to help building owners and facility managers monitor and improve the operation of commercial properties and other managed spaces.
The company’s platform integrates data from sensors, connected devices and other building systems to provide insights into occupancy, space utilization, environmental conditions and facility operations.
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