Simpple Ltd. (NASDAQ:SPPL) Short Interest Down 65.1% in August

Simpple Ltd. (NASDAQ:SPPL – Get Free Report) was the target of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 22,085 shares, a decline of 65.1% from the July 30th total of 63,243 shares. Based on an average daily volume of 129,978 shares, the short-interest ratio is currently 0.2 days. Approximately 0.4% of the shares of the company are sold short.

Simpple Trading Down 2.3%

Shares of NASDAQ SPPL traded down $0.05 during midday trading on Friday, reaching $2.09. The stock had a trading volume of 196,110 shares, compared to its average volume of 598,688. The stock has a 50-day moving average of $3.06 and a 200-day moving average of $2.80. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.80 and a current ratio of 0.91. Simpple has a 12-month low of $1.50 and a 12-month high of $7.00.

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Institutional Inflows and Outflows

A hedge fund recently bought a new position in Simpple stock. Connective Capital Management LLC purchased 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 & Exchange Commission. The firm purchased 7,862 shares of the company’s stock, valued at approximately $46,000. Connective Capital Management LLC owned 0.16% of Simpple as of its most recent SEC filing. Institutional investors and hedge funds own 0.01% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on SPPL shares. Wall Street Zen upgraded Simpple to a “hold” rating in a research report on Saturday, June 6th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Simpple in a research report on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Simpple presently has an average rating of “Sell”.

Read Our Latest Research Report on SPPL

Simpple Company Profile

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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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