Simpple Ltd. (NASDAQ:SPPL – Get Free Report) was the target of a large growth in short interest in October. As of October 30th, there was short interest totaling 19,103 shares, a growth of 658.7% from the October 15th total of 2,518 shares. Based on an average daily volume of 26,601 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.3% of the company’s stock are sold short.
Insider Activity at Simpple
In other Simpple news, CTO Qikai Soo sold 47,171 shares of Simpple stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $2.58, for a total transaction of $121,701.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Daryl Kah Kit Pat sold 62,894 shares of the firm’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $2.58, for a total transaction of $162,266.52. The SEC filing for this sale provides additional information. Insiders have sold 299,375 shares of company stock valued at $554,681 over the last quarter.
Institutional Trading of Simpple
An institutional investor recently bought a new position in Simpple stock. Squarepoint Ops LLC purchased a new stake in Simpple Ltd. (NASDAQ:SPPL – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 13,309 shares of the company’s stock, valued at approximately $52,000. Squarepoint Ops LLC owned approximately 0.23% of Simpple as of its most recent SEC filing. 0.01% of the stock is owned by hedge funds and other institutional investors.
Simpple Price Performance
SPPL stock opened at $2.71 on Friday. The firm has a 50 day moving average of $2.12 and a 200-day moving average of $2.64. Simpple has a 12-month low of $1.50 and a 12-month high of $5.36. The company has a current ratio of 1.46, a quick ratio of 1.34 and a debt-to-equity ratio of 0.04.
Simpple (NASDAQ:SPPL – Get Free Report) last released its quarterly earnings results on Saturday, October 31st. The company reported ($0.11) earnings per share for the quarter. The company had revenue of $1.96 million during the quarter.
Analysts Set New Price Targets
Several analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Simpple in a report on Thursday, October 15th. Wall Street Zen raised shares of Simpple from a “sell” rating to a “hold” rating in a report on Sunday, September 27th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company has a consensus rating of “Sell”.
View Our Latest Research Report on SPPL
Simpple Company Profile
Simpple Ltd. is a Singapore-based technology company that develops artificial intelligence and Internet of Things solutions for smart building management. Its software is designed to help building owners and facility managers monitor and improve the operation of commercial properties and other managed spaces. The company’s platform integrates data from sensors, connected devices and other building systems to provide insights into occupancy, space utilization, environmental conditions and facility operations.
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