Simpple Ltd. (NASDAQ:SPPL) Shares Shorted: Short Interest Up 658.7% in October

Simpple Ltd. (NASDAQ:SPPL) was the recipient of a large growth in short interest during the month of October. As of October 30th, there was short interest totaling 19,103 shares, a growth of 658.7% from the October 15th total of 2,518 shares. Based on an average daily volume of 26,601 shares, the short-interest ratio is currently 0.7 days. Currently, 0.3% of the company’s shares are short sold.

Simpple Stock Performance

Shares of SPPL stock opened at $2.67 on Wednesday. The firm has a 50 day moving average of $2.09 and a two-hundred day moving average of $2.64. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.46 and a quick ratio of 1.34. Simpple has a 52 week low of $1.50 and a 52 week high of $5.36.

Simpple (NASDAQ:SPPL) last posted its quarterly earnings data on Saturday, October 31st. The company reported ($0.11) earnings per share for the quarter. The firm had revenue of $1.96 million during the quarter.

Analyst Ratings Changes

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

Insider Activity at Simpple

In related news, Director Kelvin Soon Sze Lee sold 189,309 shares of the business’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $1.43, for a total value of $270,711.87. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Daryl Kah Kit Pat sold 62,894 shares of the stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $2.58, for a total value of $162,266.52. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 299,375 shares of company stock worth $554,681.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Simpple stock. Squarepoint Ops LLC purchased a new position in shares of Simpple Ltd. (NASDAQ:SPPL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 13,309 shares of the company’s stock, valued at approximately $52,000. Squarepoint Ops LLC owned 0.23% of Simpple at the end of the most recent reporting period. Institutional investors own 0.01% of the company’s stock.

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.