Simpple Ltd. (NASDAQ:SPPL) Short Interest Up 123.5% in May

Simpple Ltd. (NASDAQ:SPPL) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 442,408 shares, a growth of 123.5% from the April 30th total of 197,985 shares. Currently, 7.6% of the company’s shares are sold short. Based on an average daily trading volume, of 1,076,964 shares, the short-interest ratio is presently 0.4 days.

Simpple Stock Up 0.9%

Shares of NASDAQ:SPPL traded up $0.03 during midday trading on Tuesday, hitting $3.62. The company had a trading volume of 681,555 shares, compared to its average volume of 1,195,716. Simpple has a 12 month low of $1.50 and a 12 month high of $7.00. The company has a quick ratio of 0.80, a current ratio of 0.91 and a debt-to-equity ratio of 0.12. The firm has a fifty day simple moving average of $2.39 and a 200 day simple moving average of $3.14.

Simpple (NASDAQ:SPPL) last posted its quarterly earnings results on Wednesday, April 8th. The company reported ($0.16) earnings per share (EPS) for the quarter. The firm had revenue of $0.92 million during the quarter.

Institutional Inflows and Outflows

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 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 7,862 shares of the company’s stock, valued at approximately $46,000. Connective Capital Management LLC owned approximately 0.16% of Simpple at the end of the most recent quarter. Institutional investors and hedge funds own 0.01% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Simpple in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

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.