Short Interest in Springview Holdings Ltd (NASDAQ:SPHL) Declines By 60.1%

Springview Holdings Ltd (NASDAQ:SPHL) saw a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 40,355 shares, a decline of 60.1% from the January 29th total of 101,226 shares. Based on an average trading volume of 89,984 shares, the short-interest ratio is presently 0.4 days. Approximately 1.8% of the company’s stock are sold short. Approximately 1.8% of the company’s stock are sold short. Based on an average trading volume of 89,984 shares, the short-interest ratio is presently 0.4 days.

Springview Price Performance

NASDAQ:SPHL opened at $2.67 on Friday. Springview has a one year low of $1.92 and a one year high of $62.40. The firm has a 50-day moving average of $3.97 and a 200-day moving average of $3.97.

Springview (NASDAQ:SPHL) last announced its quarterly earnings results on Friday, September 26th. The company reported ($0.08) earnings per share for the quarter. The company had revenue of $1.47 million for the quarter.

Wall Street Analyst Weigh In

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

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.