Springview Holdings Ltd (NASDAQ:SPHL) Sees Significant Decline in Short Interest

Springview Holdings Ltd (NASDAQ:SPHL – Get Free Report) was the recipient of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 20,930 shares, a decline of 39.5% from the August 31st total of 34,569 shares. Based on an average daily trading volume, of 13,699 shares, the short-interest ratio is currently 1.5 days. Approximately 0.9% of the company’s stock are short sold.

Springview Stock Performance

Shares of NASDAQ SPHL opened at $2.31 on Friday. Springview has a fifty-two week low of $1.92 and a fifty-two week high of $25.11. The business has a 50 day moving average price of $2.54 and a two-hundred day moving average price of $2.68.

Springview (NASDAQ:SPHL – Get Free Report) last announced its earnings results on Friday, August 14th. The company reported ($0.01) earnings per share (EPS) for the quarter. The business had revenue of $2.00 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Springview in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

View Our Latest Stock Analysis on Springview

About Springview

(Get Free Report)

Springview Holdings Limited is a special purpose acquisition company (SPAC) listed on the Nasdaq under the symbol SPHL. The company was formed to identify and complete a business combination, such as a merger, share exchange, asset acquisition, or similar transaction, with one or more operating businesses.

As a blank-check company, Springview does not have an established portfolio of products or services and does not conduct significant commercial operations in the traditional sense. Its primary activities involve evaluating potential acquisition targets and pursuing a transaction intended to create an operating public company.

Publicly available information about Springview’s target industry, geographic focus, operating history, and leadership is limited.

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