Simpple Ltd. (NASDAQ:SPPL) Sees Large Growth in Short Interest

Simpple Ltd. (NASDAQ:SPPL) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 373,700 shares, a growth of 60.3% from the February 28th total of 233,100 shares. Based on an average trading volume of 755,000 shares, the days-to-cover ratio is presently 0.5 days. Approximately 7.7% of the company’s stock are short sold.

Simpple Trading Up 4.6 %

NASDAQ SPPL traded up $0.02 on Monday, reaching $0.53. The company had a trading volume of 30,354 shares, compared to its average volume of 3,097,090. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.92 and a quick ratio of 0.73. Simpple has a 1-year low of $0.25 and a 1-year high of $2.10. The company’s fifty day moving average is $0.59 and its 200-day moving average is $0.71.

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.