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

Springview Holdings Ltd (NASDAQ:SPHL) saw a significant increase in short interest in October. As of October 30th, there was short interest totaling 86,604 shares, an increase of 664.7% from the October 15th total of 11,325 shares. Approximately 3.8% of the shares of the company are short sold. Based on an average trading volume of 4,771,839 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of Springview

A hedge fund recently bought a new position in Springview stock. StoneX Group Inc. bought a new position in Springview Holdings Ltd (NASDAQ:SPHL) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm bought 11,852 shares of the company’s stock, valued at approximately $30,000. StoneX Group Inc. owned approximately 0.52% of Springview at the end of the most recent reporting period.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Springview in a research note on Friday, October 30th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Springview presently has an average rating of “Sell”.

Springview Trading Up 4.4%

SPHL traded up $0.10 on Thursday, hitting $2.37. 11,687 shares of the company’s stock were exchanged, compared to its average volume of 1,192,818. Springview has a fifty-two week low of $1.92 and a fifty-two week high of $25.11. The firm has a 50-day moving average price of $2.43 and a 200-day moving average price of $2.83.

Springview (NASDAQ:SPHL) last issued its earnings results on Friday, August 14th. The company reported ($0.01) EPS for the quarter. The firm had revenue of $2.00 million for the quarter.

About Springview

Springview Holdings Limited is a blank check company incorporated in the Cayman Islands. The company was formed to pursue a business combination with one or more operating businesses, which may include a merger, share exchange, asset acquisition, share purchase, reorganization or similar transaction. As a special purpose acquisition company, Springview does not have significant operating activities, products or services of its own. Its principal objective is to identify and complete a transaction with a target business, although there is no assurance that a suitable transaction will be completed.