Simpple Ltd. (NASDAQ:SPPL) Stock Short Interest Report for September

Simpple Ltd. (NASDAQ:SPPL) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 5,359 shares, a drop of 57.0% from the September 15th total of 12,453 shares. Based on an average daily trading volume, of 32,661 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Analysts Set New Price Targets

SPPL has been the topic of several research analyst reports. Wall Street Zen raised Simpple from a “sell” rating to a “hold” rating in a research report on Sunday, September 27th. Weiss Ratings reissued a “sell (e+)” rating on shares of Simpple in a research report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Simpple stock. Squarepoint Ops LLC bought a new position in shares of Simpple Ltd. (NASDAQ:SPPL) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 13,309 shares of the company’s stock, valued at approximately $52,000. Squarepoint Ops LLC owned approximately 0.23% of Simpple as of its most recent SEC filing. 0.01% of the stock is currently owned by hedge funds and other institutional investors.

Simpple Price Performance

NASDAQ:SPPL remained flat at $1.90 during trading hours on Tuesday. 5,293 shares of the company traded hands, compared to its average volume of 509,230. Simpple has a 1 year low of $1.50 and a 1 year high of $7.00. The stock’s fifty day moving average price is $2.15 and its 200-day moving average price is $2.68.

Simpple Company Profile

Simpple Ltd. (NASDAQ: SPPL) develops artificial-intelligence and software solutions for smart buildings and facility management. Its platform is designed to help organizations monitor and manage workplaces, commercial properties and other facilities through connected data, automation and real-time operational insights.

The company’s solutions support functions such as space and occupancy management, cleaning operations, maintenance, visitor management and workplace services. By combining Internet of Things devices, analytics and workflow automation, Simpple aims to improve building efficiency, employee experience and the coordination of facility teams.

Simpple is based in Singapore and serves organizations seeking technology-enabled facility and workplace management capabilities.