Springview Holdings Ltd (NASDAQ:SPHL) Sees Large Increase in Short Interest

Springview Holdings Ltd (NASDAQ:SPHL – Get Free Report) saw a significant growth in short interest in July. As of July 15th, there was short interest totaling 50,380 shares, a growth of 158.4% from the June 30th total of 19,494 shares. Currently, 2.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,709,364 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

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

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Springview Stock Performance

SPHL stock traded down $0.01 during mid-day trading on Monday, reaching $2.58. 13,404 shares of the stock traded hands, compared to its average volume of 1,357,953. Springview has a one year low of $1.92 and a one year high of $25.11. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.06. The business has a 50-day moving average price of $2.88 and a two-hundred day moving average price of $3.24.

Springview (NASDAQ:SPHL – Get Free Report) last released its earnings results on Tuesday, April 28th. The company reported ($0.07) earnings per share (EPS) for the quarter. The firm 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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