Simpple Ltd. (NASDAQ:SPPL) Short Interest Down 65.1% in August

Simpple Ltd. (NASDAQ:SPPL) was the target of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 22,085 shares, a decline of 65.1% from the July 30th total of 63,243 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average trading volume of 129,978 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Simpple in a report on Friday, July 17th. Wall Street Zen upgraded shares of Simpple to a “hold” rating in a research note on Saturday, June 6th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Simpple currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Simpple stock. Susquehanna International Group LLP bought a new position in Simpple Ltd. (NASDAQ:SPPL) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 29,444 shares of the company’s stock, valued at approximately $115,000. Susquehanna International Group LLP owned 0.51% of Simpple as of its most recent SEC filing. Institutional investors and hedge funds own 0.01% of the company’s stock.

Simpple Stock Down 2.3%

NASDAQ:SPPL traded down $0.05 during midday trading on Friday, hitting $2.09. The company had a trading volume of 196,110 shares, compared to its average volume of 134,945. The company has a quick ratio of 0.80, a current ratio of 0.91 and a debt-to-equity ratio of 0.12. The stock’s fifty day moving average price is $3.06 and its 200-day moving average price is $2.80. Simpple has a 52-week low of $1.50 and a 52-week high of $7.00.

About Simpple

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.