Short Interest in Simpple Ltd. (NASDAQ:SPPL) Declines By 71.2%

by · The Markets Daily

Simpple Ltd. (NASDAQ:SPPL – Get Free Report) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 6,352 shares, a decline of 71.2% from the August 15th total of 22,085 shares. Based on an average daily volume of 133,391 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.1% of the shares of the company are sold short.

Analysts Set New Price Targets

SPPL has been the subject of several research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Simpple in a research note on Friday, July 17th. Wall Street Zen raised Simpple to a “hold” rating in a report on Saturday, June 6th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Simpple currently has a consensus rating of “Sell”.

Check Out Our Latest Stock Analysis on SPPL

Simpple Stock Performance

Shares of SPPL stock traded up $0.11 during mid-day trading on Friday, reaching $1.85. The company’s stock had a trading volume of 16,090 shares, compared to its average volume of 121,378. The firm’s 50-day moving average is $2.69 and its two-hundred day moving average is $2.73. Simpple has a 1-year low of $1.50 and a 1-year high of $7.00. The company has a current ratio of 0.91, a quick ratio of 0.80 and a debt-to-equity ratio of 0.12.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Susquehanna International Group LLP acquired a new stake in Simpple during the second quarter valued at approximately $115,000. Squarepoint Ops LLC bought a new stake in shares of Simpple in the 2nd quarter valued at approximately $52,000. Finally, Connective Capital Management LLC acquired a new position in shares of Simpple in the 3rd quarter worth approximately $46,000. Institutional investors and hedge funds own 0.01% of the company’s stock.

Simpple Company Profile

(Get Free Report)

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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