Simpple Ltd. (NASDAQ:SPPL) Shares Shorted: Short Interest Down 53.0% in October

Simpple Ltd. (NASDAQ:SPPL) was the recipient of a significant drop in short interest in October. As of October 15th, there was short interest totaling 2,518 shares, a drop of 53.0% from the September 30th total of 5,359 shares. Based on an average daily volume of 2,964 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Simpple stock. Susquehanna International Group LLP bought a new position in shares of Simpple Ltd. (NASDAQ:SPPL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 29,444 shares of the company’s stock, valued at approximately $115,000. Susquehanna International Group LLP owned about 0.51% of Simpple at the end of the most recent quarter. Institutional investors and hedge funds own 0.01% of the company’s stock.

Wall Street Analyst Weigh In

SPPL has been the topic of several recent research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Simpple in a report on Thursday, October 15th. Wall Street Zen upgraded shares of Simpple from a “sell” rating to a “hold” rating in a research report on Sunday, September 27th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Simpple Price Performance

Shares of SPPL opened at $2.02 on Friday. The company’s 50-day simple moving average is $2.03 and its 200-day simple moving average is $2.67. Simpple has a 1 year low of $1.50 and a 1 year high of $6.20.

Simpple (NASDAQ:SPPL) last posted its earnings results on Friday, October 30th. The company reported ($0.11) EPS for the quarter. The company had revenue of $1.96 million during the quarter.

Simpple Company Profile

Simpple Ltd. is a Singapore-based technology company that develops artificial intelligence and Internet of Things solutions for smart building management. Its software is designed to help building owners and facility managers monitor and improve the operation of commercial properties and other managed spaces.

The company’s platform integrates data from sensors, connected devices and other building systems to provide insights into occupancy, space utilization, environmental conditions and facility operations.