Simpple Ltd. (NASDAQ:SPPL) Short Interest Up 60.1% in February

Simpple Ltd. (NASDAQ:SPPL) was the recipient of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 5,211 shares, a growth of 60.1% from the February 12th total of 3,255 shares. Based on an average daily volume of 19,303 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are sold short. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 19,303 shares, the short-interest ratio is currently 0.3 days.

Simpple Price Performance

NASDAQ SPPL traded up $0.03 on Friday, hitting $2.10. 3,539 shares of the company traded hands, compared to its average volume of 13,298. The business’s 50 day moving average price is $2.99 and its 200-day moving average price is $4.20. Simpple has a 52-week low of $1.91 and a 52-week high of $7.00.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Simpple in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Simpple stock. Connective Capital Management LLC purchased a new position in Simpple Ltd. (NASDAQ:SPPL) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,862 shares of the company’s stock, valued at approximately $46,000. Connective Capital Management LLC owned 0.16% of Simpple at the end of the most recent reporting period. 0.01% of the stock is currently owned by hedge funds and other institutional investors.

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.