Simpple Ltd. (NASDAQ:SPPL) Short Interest Update

Simpple Ltd. (NASDAQ:SPPL) saw a significant growth in short interest in January. As of January 30th, there was short interest totaling 5,442 shares, a growth of 66.2% from the January 15th total of 3,275 shares. Based on an average trading volume of 5,588 shares, the short-interest ratio is currently 1.0 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 5,588 shares, the short-interest ratio is currently 1.0 days.

Institutional Investors Weigh In On Simpple

A hedge fund recently bought a new stake in Simpple stock. Connective Capital Management LLC purchased a new position in shares of Simpple Ltd. (NASDAQ:SPPL) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 7,862 shares of the company’s stock, valued at approximately $46,000. Connective Capital Management LLC owned about 0.16% of Simpple as of its most recent SEC filing. Institutional investors own 0.01% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Simpple Trading Down 9.5%

Shares of NASDAQ:SPPL opened at $2.92 on Monday. Simpple has a 1-year low of $2.18 and a 1-year high of $7.00. The firm has a fifty day moving average price of $3.73 and a 200 day moving average price of $4.28.

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.