Springview Holdings Ltd (NASDAQ:SPHL) Short Interest Update

Springview Holdings Ltd (NASDAQ:SPHL) was the target of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 19,494 shares, a decrease of 54.8% from the June 15th total of 43,145 shares. Approximately 0.9% of the company’s shares are sold short. Based on an average daily trading volume, of 117,424 shares, the short-interest ratio is presently 0.2 days.

Springview Stock Performance

Springview stock traded down $0.04 during trading hours on Thursday, hitting $2.67. The stock had a trading volume of 12,232 shares, compared to its average volume of 1,427,805. The company has a quick ratio of 3.37, a current ratio of 3.37 and a debt-to-equity ratio of 0.06. Springview has a 12-month low of $1.92 and a 12-month high of $25.11. The stock’s 50-day moving average price is $2.90 and its 200-day moving average price is $3.21.

Springview (NASDAQ:SPHL) last posted its earnings results on Tuesday, April 28th. The company reported ($0.07) EPS for the quarter. The business had revenue of $1.57 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of Springview from a “sell (d)” rating to a “sell (e+)” rating in a report on Wednesday, May 6th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Springview has a consensus rating of “Sell”.

Springview Company Profile

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.