Short Interest in Springview Holdings Ltd (NASDAQ:SPHL) Declines By 63.3%

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

Springview Price Performance

NASDAQ SPHL opened at $2.25 on Thursday. Springview has a 1 year low of $1.92 and a 1 year high of $62.40. The business’s 50-day moving average is $3.07 and its 200 day moving average is $3.78.

Springview (NASDAQ:SPHL) last released its quarterly earnings data on Friday, September 26th. The company reported ($0.08) earnings per share for the quarter. The business had revenue of $1.47 million during the quarter.

Analyst Ratings Changes

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 data from MarketBeat.com, the stock has an average 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.