Springview Holdings Ltd (NASDAQ:SPHL) Short Interest Down 63.3% in December

Springview Holdings Ltd (NASDAQ:SPHL) was the recipient of a large decrease in short interest in the month of December. As of December 31st, there was short interest totaling 20,396 shares, a decrease of 63.3% from the December 15th total of 55,583 shares. Approximately 1.2% of the shares of the stock are sold short. Based on an average trading volume of 52,836 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 52,836 shares, the days-to-cover ratio is presently 0.4 days. Approximately 1.2% of the shares of the stock are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Springview in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Springview Stock Up 10.1%

Shares of SPHL stock opened at $2.40 on Wednesday. Springview has a fifty-two week low of $1.92 and a fifty-two week high of $62.40. The stock’s fifty day moving average price is $3.11 and its two-hundred day moving average price is $3.80.

Springview (NASDAQ:SPHL) last posted its quarterly earnings results on Friday, September 26th. The company reported ($0.08) EPS for the quarter. The firm had revenue of $1.47 million during the quarter.

About Springview

Our company, through our indirect wholly owned subsidiary, Springview Enterprises Pte. Ltd. (“Springview Singapore”), designs and constructs residential and commercial buildings in Singapore. Our projects cover four main types of work: (i) new construction, (ii) reconstruction, (iii) additions and alterations (A&A), and (iv) other general contracting services. For new construction, an existing house will be demolished, and a new house will be rebuilt. Our reconstruction work involves replacement of a substantial part of a house.