Simpple Ltd. (NASDAQ:SPPL) Sees Significant Decrease in Short Interest
by Sarita Garza · The Markets DailySimpple Ltd. (NASDAQ:SPPL – Get Free Report) was the recipient of a significant drop in short interest in August. As of August 14th, there was short interest totaling 22,085 shares, a drop of 65.1% from the July 30th total of 63,243 shares. Based on an average daily volume of 129,978 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.4% of the shares of the stock are sold short.
Institutional Trading of Simpple
An institutional investor recently bought a new stake in Simpple stock. Connective Capital Management LLC bought a new stake in shares of Simpple Ltd. (NASDAQ:SPPL – Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 7,862 shares of the company’s stock, valued at approximately $46,000. Connective Capital Management LLC owned about 0.16% of Simpple as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 0.01% of the company’s stock.
Analyst Ratings Changes
A number of research firms recently commented on SPPL. Wall Street Zen raised Simpple to a “hold” rating in a report on Saturday, June 6th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Simpple in a report on Friday, July 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.
View Our Latest Stock Report on SPPL
Simpple Stock Performance
Shares of Simpple stock traded down $0.05 during trading on Friday, hitting $2.09. The stock had a trading volume of 196,110 shares, compared to its average volume of 598,688. Simpple has a 12 month low of $1.50 and a 12 month high of $7.00. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.91 and a quick ratio of 0.80. The firm’s fifty day simple moving average is $3.06 and its 200-day simple moving average is $2.80.
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.