Short Interest in Springview Holdings Ltd (NASDAQ:SPHL) Grows By 158.4%

Springview Holdings Ltd (NASDAQ:SPHL) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 50,380 shares, an increase of 158.4% from the June 30th total of 19,494 shares. Based on an average daily trading volume, of 1,709,364 shares, the days-to-cover ratio is currently 0.0 days. Currently, 2.2% of the company’s shares are short sold.

Springview Price Performance

Shares of NASDAQ SPHL opened at $2.62 on Tuesday. Springview has a twelve month low of $1.92 and a twelve month high of $25.11. The company has a 50 day moving average of $2.88 and a 200 day moving average of $3.24. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.37 and a current ratio of 3.37.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered Springview from a “sell (d)” rating to a “sell (e+)” rating in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently 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.