Springview Holdings Ltd (NASDAQ:SPHL) Sees Significant Drop in Short Interest

Springview Holdings Ltd (NASDAQ:SPHL) was the recipient of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 19,494 shares, a decline of 54.8% from the June 15th total of 43,145 shares. Approximately 0.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 117,424 shares, the days-to-cover ratio is currently 0.2 days.

Springview Stock Down 0.9%

NASDAQ SPHL traded down $0.03 during trading hours on Wednesday, reaching $2.73. The company’s stock had a trading volume of 44,483 shares, compared to its average volume of 1,438,387. The firm has a fifty day simple moving average of $2.90 and a 200-day simple moving average of $3.21. The company has a quick ratio of 3.37, a current ratio of 3.37 and a debt-to-equity ratio of 0.06. Springview has a 52 week low of $1.92 and a 52 week high of $25.11.

Springview (NASDAQ:SPHL) last posted its earnings results on Tuesday, April 28th. The company reported ($0.07) earnings per share for the quarter. The business had revenue of $1.57 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of Springview from a “sell (d)” rating to a “sell (e+)” rating in a report on Wednesday, May 6th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Springview has a consensus rating of “Sell”.

About Springview

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.