Short Interest in Springview Holdings Ltd (NASDAQ:SPHL) Declines By 57.3%

Springview Holdings Ltd (NASDAQ:SPHL) was the recipient of a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 55,583 shares, a drop of 57.3% from the November 30th total of 130,307 shares. Currently, 3.4% of the shares of the company are short sold. Based on an average daily volume of 217,070 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 217,070 shares, the days-to-cover ratio is presently 0.3 days. Currently, 3.4% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Springview in a research report on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Springview Price Performance

Springview stock opened at $2.35 on Friday. Springview has a 52 week low of $2.31 and a 52 week high of $62.40. The company’s 50-day moving average price is $3.69 and its two-hundred day moving average price is $3.97.

Springview (NASDAQ:SPHL) last posted its quarterly earnings data on Friday, September 26th. The company reported ($0.08) earnings per share (EPS) for the quarter. The firm had revenue of $1.47 million for the quarter.

Springview Company Profile

Our company, through our indirect wholly owned subsidiary, Springview Enterprises Pte. Ltd. (“Springview Singapore”), designs and constructs residential and commercial buildings in Singapore. Our projects cover four main types of work: (i) new construction, (ii) reconstruction, (iii) additions and alterations (A&A), and (iv) other general contracting services. For new construction, an existing house will be demolished, and a new house will be rebuilt. Our reconstruction work involves replacement of a substantial part of a house.