Springview Holdings Ltd (NASDAQ:SPHL) Short Interest Down 38.3% in April

Springview Holdings Ltd (NASDAQ:SPHL) was the target of a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 12,360 shares, a decrease of 38.3% from the April 15th total of 20,047 shares. Based on an average daily volume of 9,083 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.5% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on SPHL shares. Wall Street Zen upgraded Springview to a “sell” rating in a research note on Saturday, February 7th. Weiss Ratings downgraded Springview from a “sell (d)” rating to a “sell (e+)” rating in a research report on Wednesday, May 6th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Springview currently has an average rating of “Sell”.

Springview Stock Up 10.5%

Springview stock traded up $0.28 during trading hours on Friday, reaching $2.89. The stock had a trading volume of 20,801 shares, compared to its average volume of 8,379. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.37 and a current ratio of 3.37. The business’s 50 day moving average price is $2.67 and its 200-day moving average price is $3.43. Springview has a 52 week low of $1.92 and a 52 week high of $25.11.

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

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.