Simpple Ltd. (NASDAQ:SPPL) Short Interest Up 7,488.5% in April

Simpple Ltd. (NASDAQ:SPPL) was the target of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 197,985 shares, an increase of 7,488.5% from the April 15th total of 2,609 shares. Approximately 3.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,188,860 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Simpple in a report on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Simpple Stock Up 0.7%

NASDAQ:SPPL traded up $0.02 during trading hours on Monday, reaching $2.76. 4,990,352 shares of the company’s stock were exchanged, compared to its average volume of 427,566. Simpple has a 12 month low of $1.50 and a 12 month 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. The business’s 50-day simple moving average is $2.27 and its two-hundred day simple moving average is $3.48.

Simpple (NASDAQ:SPPL) last posted its quarterly earnings results on Wednesday, April 8th. The company reported ($0.16) earnings per share (EPS) for the quarter. The business had revenue of $0.92 million during the quarter.

Institutional Investors Weigh In On Simpple

A hedge fund recently bought a new stake in Simpple stock. Connective Capital Management LLC purchased a new stake in Simpple Ltd. (NASDAQ:SPPL) in the 3rd quarter, according to the company in 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 approximately 0.16% of Simpple as of its most recent filing with the Securities and Exchange Commission. 0.01% of the stock is currently owned by hedge funds and other institutional investors.

Simpple Company Profile

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.