Springview Holdings Ltd (NASDAQ:SPHL) Sees Large Decrease in Short Interest

Springview Holdings Ltd (NASDAQ:SPHL) saw a significant drop in short interest in March. As of March 13th, there was short interest totaling 20,160 shares, a drop of 42.2% from the February 26th total of 34,896 shares. Based on an average daily volume of 22,732 shares, the short-interest ratio is currently 0.9 days. Currently, 0.9% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on SPHL shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Springview in a research report on Monday, December 29th. Wall Street Zen upgraded Springview to a “sell” rating in a research note on Saturday, February 7th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Springview has a consensus rating of “Sell”.

Springview Price Performance

Shares of NASDAQ:SPHL opened at $2.62 on Friday. The company’s 50-day moving average is $3.80 and its 200 day moving average is $3.86. Springview has a fifty-two week low of $1.92 and a fifty-two week high of $25.11.

Springview Company Profile

Our company, through our indirect wholly owned subsidiary, Springview Enterprises Pte. Ltd. (“Springview Singapore”), designs and constructs residential and commercial buildings in Singapore. Our projects cover four main types of work: (i) new construction, (ii) reconstruction, (iii) additions and alterations (A&A), and (iv) other general contracting services. For new construction, an existing house will be demolished, and a new house will be rebuilt. Our reconstruction work involves replacement of a substantial part of a house.