Short Interest in Simpple Ltd. (NASDAQ:SPPL) Expands By 123.5%

Simpple Ltd. (NASDAQ:SPPL) saw a significant growth in short interest in 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. Based on an average daily volume of 1,076,964 shares, the days-to-cover ratio is currently 0.4 days. Currently, 7.6% of the shares of the stock are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Simpple in a report on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Simpple Stock Performance

Shares of SPPL stock traded up $0.07 during trading hours on Monday, hitting $3.66. 89,199 shares of the company’s stock were exchanged, compared to its average volume of 527,726. The company has a current ratio of 0.91, a quick ratio of 0.80 and a debt-to-equity ratio of 0.12. Simpple has a 12-month low of $1.50 and a 12-month high of $7.00. The business’s 50 day simple moving average is $2.36 and its 200-day simple moving average is $3.15.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Simpple stock. Connective Capital Management LLC bought a new stake in Simpple Ltd. (NASDAQ:SPPL) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 7,862 shares of the company’s stock, valued at approximately $46,000. Connective Capital Management LLC owned about 0.16% of Simpple at the end of the most recent quarter. 0.01% of the stock is currently owned by 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.