Short Interest in Simpple Ltd. (NASDAQ:SPPL) Decreases By 65.1%

Simpple Ltd. (NASDAQ:SPPL) was the recipient of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 22,085 shares, a decrease of 65.1% from the July 30th total of 63,243 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 129,978 shares, the short-interest ratio is currently 0.2 days.

Simpple Stock Performance

NASDAQ:SPPL opened at $2.09 on Friday. The company’s 50 day moving average is $3.06 and its 200-day moving average is $2.80. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.91 and a quick ratio of 0.80. Simpple has a 12 month low of $1.50 and a 12 month high of $7.00.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Simpple stock. Connective Capital Management LLC acquired a new position in Simpple Ltd. (NASDAQ:SPPL) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 7,862 shares of the company’s stock, valued at approximately $46,000. Connective Capital Management LLC owned 0.16% of Simpple as of its most recent filing with the Securities and Exchange Commission (SEC). 0.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on SPPL. Weiss Ratings restated a “sell (e+)” rating on shares of Simpple in a report on Friday, July 17th. Wall Street Zen raised Simpple to a “hold” rating in a report on Saturday, June 6th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

About Simpple

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.