Springview Holdings Ltd (NASDAQ:SPHL) Short Interest Update

Springview Holdings Ltd (NASDAQ:SPHL) was the target of a significant drop in short interest during the month of March. As of March 31st, there was short interest totaling 13,041 shares, a drop of 35.3% from the March 15th total of 20,160 shares. Based on an average trading volume of 14,429 shares, the short-interest ratio is currently 0.9 days. Approximately 0.6% of the company’s shares are short sold.

Springview Trading Up 1.4%

Shares of NASDAQ SPHL traded up $0.04 during midday trading on Wednesday, hitting $2.59. The company’s stock had a trading volume of 17,882 shares, compared to its average volume of 1,807,542. The business’s fifty day simple moving average is $3.12 and its two-hundred day simple moving average is $3.73. Springview has a 1 year low of $1.92 and a 1 year high of $25.11.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Springview in a research report on Friday, March 27th. Wall Street Zen upgraded shares of Springview to a “sell” rating in a research report on Saturday, February 7th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Springview Company Profile

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.