Simpple Ltd. (NASDAQ:SPPL) Stock Short Interest Jumps 96.0%

Simpple Ltd. (NASDAQ:SPPL – Get Free Report) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 12,453 shares, a growth of 96.0% from the August 31st total of 6,352 shares. Based on an average trading volume of 73,355 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Several analysts have commented on SPPL shares. Wall Street Zen upgraded shares of Simpple from a “sell” rating to a “hold” rating in a research report on Sunday. Weiss Ratings restated a “sell (e+)” rating on shares of Simpple in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

View Our Latest Analysis on Simpple

Simpple Stock Performance

Shares of NASDAQ:SPPL opened at $1.99 on Thursday. The company has a 50 day moving average price of $2.36 and a two-hundred day moving average price of $2.69. The company has a quick ratio of 0.80, a current ratio of 0.91 and a debt-to-equity ratio of 0.12. Simpple has a 52 week low of $1.50 and a 52 week high of $7.00.

Institutional Trading of Simpple

A hedge fund recently bought a new position in Simpple stock. Squarepoint Ops LLC bought a new position in shares of Simpple Ltd. (NASDAQ:SPPL – Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 13,309 shares of the company’s stock, valued at approximately $52,000. Squarepoint Ops LLC owned approximately 0.23% of Simpple at the end of the most recent quarter. 0.01% of the stock is currently owned by hedge funds and other institutional investors.

About Simpple

(Get Free Report)

Simpple Ltd. is a Singapore-based technology company that provides artificial intelligence-driven smart-building and facilities-management solutions. Its software is designed to help organizations monitor and manage building operations, improve workforce productivity, and make facility services more efficient.

The company’s platform combines artificial intelligence, machine learning, Internet of Things connectivity, and data analytics. Its solutions support activities such as cleaning management, maintenance, inspection and work-order tracking, workforce allocation, occupancy monitoring, and operational reporting.

See Also

Receive News & Ratings for Simpple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Simpple and related companies with MarketBeat.com's FREE daily email newsletter.