Springview Holdings Ltd (NASDAQ:SPHL – Get Free Report) was the target of a large increase in short interest in October. As of October 30th, there was short interest totaling 86,604 shares, an increase of 664.7% from the October 15th total of 11,325 shares. Based on an average daily trading volume, of 4,771,839 shares, the short-interest ratio is currently 0.0 days. Approximately 3.8% of the company’s shares are sold short.
Institutional Investors Weigh In On Springview
An institutional investor recently bought a new position in Springview stock. StoneX Group Inc. bought a new position in Springview Holdings Ltd (NASDAQ:SPHL – Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 11,852 shares of the company’s stock, valued at approximately $30,000. StoneX Group Inc. owned 0.52% of Springview at the end of the most recent quarter.
Springview Trading Down 4.6%
Shares of SPHL opened at $2.27 on Wednesday. The stock has a 50 day simple moving average of $2.44 and a 200 day simple moving average of $2.85. Springview has a 52-week low of $1.92 and a 52-week high of $25.11.
Springview (NASDAQ:SPHL – Get Free Report) last announced its earnings results on Friday, August 14th. The company reported ($0.01) EPS for the quarter. The business had revenue of $2.00 million for the quarter.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Springview in a report on Friday, October 30th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, Springview has an average rating of “Sell”.
Check Out Our Latest Report on SPHL
Springview Company Profile
Springview Holdings Limited is a blank check company incorporated in the Cayman Islands. The company was formed to pursue a business combination with one or more operating businesses, which may include a merger, share exchange, asset acquisition, share purchase, reorganization or similar transaction. As a special purpose acquisition company, Springview does not have significant operating activities, products or services of its own. Its principal objective is to identify and complete a transaction with a target business, although there is no assurance that a suitable transaction will be completed.
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