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

Simpple Ltd. (NASDAQ:SPPL) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 6,352 shares, a drop of 71.2% from the August 15th total of 22,085 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 133,391 shares, the short-interest ratio is currently 0.0 days.

Simpple Stock Up 6.3%

SPPL traded up $0.11 on Friday, reaching $1.85. The stock had a trading volume of 16,090 shares, compared to its average volume of 121,378. Simpple has a 12-month low of $1.50 and a 12-month high of $7.00. The company has a quick ratio of 0.80, a current ratio of 0.91 and a debt-to-equity ratio of 0.12. The business’s 50-day moving average price is $2.69 and its two-hundred day moving average price is $2.73.

Hedge Funds Weigh In On Simpple

Several institutional investors and hedge funds have recently modified their holdings of SPPL. Connective Capital Management LLC acquired a new position in Simpple in the 3rd quarter worth about $46,000. Susquehanna International Group LLP acquired a new stake in Simpple in the second quarter valued at approximately $115,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of Simpple in the second quarter valued at approximately $52,000. Hedge funds and other institutional investors own 0.01% of the company’s stock.

Wall Street Analysts Forecast Growth

SPPL has been the topic of a number of recent research reports. Wall Street Zen upgraded Simpple to a “hold” rating in a research note on Saturday, June 6th. Weiss Ratings reissued 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, According to data from MarketBeat.com, Simpple currently has a consensus rating of “Sell”.

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.