Simpple Ltd. (NASDAQ:SPPL – Get Free Report) saw a significant decline in short interest in July. As of July 15th, there was short interest totaling 95,457 shares, a decline of 60.1% from the June 30th total of 239,197 shares. Based on an average daily volume of 64,819 shares, the days-to-cover ratio is currently 1.5 days. Currently, 1.6% of the shares of the stock are sold short.
Hedge Funds Weigh In On Simpple
A hedge fund recently bought a new stake in Simpple stock. Connective Capital Management LLC acquired a new stake in shares of Simpple Ltd. (NASDAQ:SPPL – Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 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. Hedge funds and other institutional investors own 0.01% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on SPPL shares. Wall Street Zen raised shares of Simpple to a “hold” rating in a research note on Saturday, June 6th. Weiss Ratings reissued a “sell (e+)” rating on shares of Simpple in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.
Simpple Trading Up 6.2%
NASDAQ SPPL traded up $0.20 during trading hours on Wednesday, reaching $3.37. 10,611 shares of the stock traded hands, compared to its average volume of 674,582. The stock has a 50 day simple moving average of $3.45 and a two-hundred day simple moving average of $2.92. 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.
About Simpple
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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