Short Interest in Simpple Ltd. (NASDAQ:SPPL) Declines By 71.2%

Simpple Ltd. (NASDAQ:SPPL) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 6,352 shares, a decrease of 71.2% from the August 15th total of 22,085 shares. Based on an average trading volume of 133,391 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.1% of the shares of the stock are short sold.

Simpple Stock Performance

SPPL stock traded up $0.11 during midday trading on Friday, reaching $1.85. 16,090 shares of the company’s stock traded hands, compared to its average volume of 121,378. The company has a 50-day simple moving average of $2.69 and a two-hundred day simple moving average of $2.73. 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 1-year low of $1.50 and a 1-year high of $7.00.

Institutional Trading of Simpple

A number of hedge funds and other institutional investors have recently made changes to their positions in SPPL. Squarepoint Ops LLC bought a new position in shares of Simpple in the second quarter valued at about $52,000. Susquehanna International Group LLP bought a new stake in Simpple during the 2nd quarter worth about $115,000. Finally, Connective Capital Management LLC acquired a new stake in Simpple in the 3rd quarter valued at about $46,000. 0.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SPPL. Wall Street Zen raised Simpple to a “hold” rating in a report on Saturday, June 6th. Weiss Ratings reiterated 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.com, Simpple 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.