Short Interest in Simpple Ltd. (NASDAQ:SPPL) Drops By 40.2%

Simpple Ltd. (NASDAQ:SPPL) saw a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 3,255 shares, a decline of 40.2% from the January 29th total of 5,442 shares. Based on an average daily trading volume, of 2,788 shares, the short-interest ratio is currently 1.2 days. Currently, 0.1% of the company’s shares are sold short. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 2,788 shares, the short-interest ratio is currently 1.2 days.

Simpple Stock Performance

Shares of SPPL stock opened at $3.27 on Friday. Simpple has a 52 week low of $2.18 and a 52 week high of $7.00. The company’s 50 day moving average price is $3.34 and its two-hundred day moving average price is $4.25.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Simpple stock. Connective Capital Management LLC acquired a new position in shares of Simpple Ltd. (NASDAQ:SPPL) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 7,862 shares of the company’s stock, valued at approximately $46,000. Connective Capital Management LLC owned approximately 0.16% of Simpple as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 0.01% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed 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, the company presently has a consensus rating of “Sell”.

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.