Short Interest in Simpple Ltd. (NASDAQ:SPPL) Decreases By 76.2%

Simpple Ltd. (NASDAQ:SPPL) was the recipient of a significant drop in short interest in January. As of January 15th, there was short interest totaling 3,275 shares, a drop of 76.2% from the December 31st total of 13,776 shares. Based on an average daily trading volume, of 7,514 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the shares of the stock are short sold. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 7,514 shares, the short-interest ratio is currently 0.4 days.

Simpple Stock Up 4.7%

Shares of Simpple stock traded up $0.16 on Friday, reaching $3.45. The stock had a trading volume of 1,267 shares, compared to its average volume of 7,716. The company has a 50 day moving average price of $3.92 and a 200 day moving average price of $4.27. Simpple has a 1 year low of $2.18 and a 1 year high of $7.00.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Simpple in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Institutional Trading of Simpple

An institutional investor recently bought a new position in Simpple stock. Connective Capital Management LLC purchased a new position in Simpple Ltd. (NASDAQ:SPPL) in the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 7,862 shares of the company’s stock, valued at approximately $46,000. Connective Capital Management LLC owned 0.16% of Simpple at the end of the most recent quarter. 0.01% of the stock is owned by hedge funds and other institutional investors.

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.