Simpple Ltd. (NASDAQ:SPPL) Short Interest Update

Simpple Ltd. (NASDAQ:SPPL) saw a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 95,457 shares, a decrease of 60.1% from the June 30th total of 239,197 shares. Approximately 1.6% of the company’s shares are short sold. Based on an average daily volume of 64,819 shares, the short-interest ratio is currently 1.5 days.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SPPL. Weiss Ratings restated a “sell (e+)” rating on shares of Simpple in a report on Friday, July 17th. Wall Street Zen upgraded 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.com, Simpple currently has a consensus rating of “Sell”.

Simpple Price Performance

Shares of NASDAQ SPPL opened at $3.15 on Monday. The firm has a fifty day simple moving average of $3.44 and a two-hundred day simple moving average of $2.92. Simpple has a 12 month low of $1.50 and a 12 month high of $7.00. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.80 and a current ratio of 0.91.

Institutional Trading of Simpple

A hedge fund recently bought a new stake in Simpple stock. Connective Capital Management LLC bought a new position in shares of Simpple Ltd. (NASDAQ:SPPL) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 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. Institutional investors and hedge funds own 0.01% of the company’s stock.

Simpple Company Profile

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.