Springview Holdings Ltd (NASDAQ:SPHL) Stock Short Interest Declines 39.5%

Springview Holdings Ltd (NASDAQ:SPHL – Get Free Report) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 20,930 shares, a drop of 39.5% from the August 31st total of 34,569 shares. Based on an average daily trading volume, of 13,699 shares, the short-interest ratio is currently 1.5 days. Approximately 0.9% of the company’s shares are short sold.

Springview Price Performance

SPHL stock opened at $2.40 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.37 and a current ratio of 3.53. The business has a fifty day simple moving average of $2.55 and a 200-day simple moving average of $2.69. Springview has a 52 week low of $1.92 and a 52 week high of $25.11.

Springview (NASDAQ:SPHL – Get Free Report) last issued its earnings results on Friday, August 14th. The company reported ($0.01) earnings per share for the quarter. The company had revenue of $2.00 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Springview in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Read Our Latest Report on SPHL

About Springview

(Get Free Report)

Springview Holdings Limited is a special purpose acquisition company (SPAC) listed on the Nasdaq under the symbol SPHL. The company was formed to identify and complete a business combination, such as a merger, share exchange, asset acquisition, or similar transaction, with one or more operating businesses.

As a blank-check company, Springview does not have an established portfolio of products or services and does not conduct significant commercial operations in the traditional sense. Its primary activities involve evaluating potential acquisition targets and pursuing a transaction intended to create an operating public company.

Publicly available information about Springview’s target industry, geographic focus, operating history, and leadership is limited.

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