Simpple Ltd. (NASDAQ:SPPL) Stock Short Interest Climbs 96.0%

Simpple Ltd. (NASDAQ:SPPL) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 12,453 shares, an increase of 96.0% from the August 31st total of 6,352 shares. Based on an average trading volume of 73,355 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are sold short.

Simpple Price Performance

NASDAQ:SPPL traded up $0.04 during trading hours on Wednesday, reaching $2.04. 6,285 shares of the stock were exchanged, compared to its average volume of 531,863. The firm has a 50 day simple moving average of $2.38 and a 200-day simple moving average of $2.69. 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 52 week low of $1.50 and a 52 week high of $7.00.

Analyst Ratings Changes

SPPL has been the subject of a number of recent analyst reports. Wall Street Zen upgraded Simpple from a “sell” rating to a “hold” rating in a research note on Sunday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Simpple in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Institutional Trading of Simpple

A hedge fund recently bought a new position in Simpple stock. Squarepoint Ops LLC purchased a new stake in Simpple Ltd. (NASDAQ:SPPL) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 13,309 shares of the company’s stock, valued at approximately $52,000. Squarepoint Ops LLC owned 0.23% of Simpple as of its most recent filing with the SEC. Institutional investors own 0.01% of the company’s stock.

Simpple Company Profile

Simpple Ltd. is a Singapore-based technology company that provides artificial intelligence-driven smart-building and facilities-management solutions. Its software is designed to help organizations monitor and manage building operations, improve workforce productivity, and make facility services more efficient.

The company’s platform combines artificial intelligence, machine learning, Internet of Things connectivity, and data analytics. Its solutions support activities such as cleaning management, maintenance, inspection and work-order tracking, workforce allocation, occupancy monitoring, and operational reporting.