Simpple Ltd. (NASDAQ:SPPL) Sees Large Drop in Short Interest

Simpple Ltd. (NASDAQ:SPPL) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 161,328 shares, a decrease of 49.5% from the May 31st total of 319,764 shares. Based on an average daily volume of 2,391,247 shares, the days-to-cover ratio is presently 0.1 days. Currently, 2.8% of the company’s stock are short sold.

Analyst Ratings Changes

Several research firms have recently weighed in on SPPL. Wall Street Zen upgraded shares of Simpple to a “hold” rating in a report on Saturday, June 6th. Weiss Ratings reissued a “sell (e+)” rating on shares of Simpple in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Simpple presently has an average rating of “Sell”.

Hedge Funds Weigh In On Simpple

A hedge fund recently bought a new stake in Simpple stock. Connective Capital Management LLC acquired a new stake in Simpple Ltd. (NASDAQ:SPPL) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 7,862 shares of the company’s stock, valued at approximately $46,000. Connective Capital Management LLC owned about 0.16% of Simpple as of its most recent SEC filing. 0.01% of the stock is owned by hedge funds and other institutional investors.

Simpple Price Performance

SPPL traded down $0.25 on Thursday, hitting $3.48. 141,737 shares of the company were exchanged, compared to its average volume of 770,070. The stock’s fifty day moving average is $3.14 and its 200-day moving average is $3.03. Simpple has a 12 month low of $1.50 and a 12 month high of $7.00. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.80 and a current ratio of 0.91.

Simpple (NASDAQ:SPPL) last posted its quarterly earnings results on Wednesday, April 8th. The company reported ($0.16) earnings per share for the quarter. The business had revenue of $0.92 million during the quarter.

Simpple Company Profile

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.