Springview Holdings Ltd (NASDAQ:SPHL) Short Interest Up 292.7% in June

Springview Holdings Ltd (NASDAQ:SPHL) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 43,145 shares, an increase of 292.7% from the May 31st total of 10,986 shares. Currently, 1.9% of the shares of the company are sold short. Based on an average trading volume of 3,964,485 shares, the short-interest ratio is currently 0.0 days.

Springview Trading Down 2.9%

NASDAQ:SPHL traded down $0.08 on Friday, reaching $2.70. 10,005 shares of the company’s stock were exchanged, compared to its average volume of 2,248,302. Springview has a 52 week low of $1.92 and a 52 week high of $25.11. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.37 and a quick ratio of 3.37. The stock has a fifty day simple moving average of $2.82 and a 200-day simple moving average of $3.25.

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

Analysts Set New Price Targets

Separately, Weiss Ratings cut Springview from a “sell (d)” rating to a “sell (e+)” rating in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Springview presently has an average rating of “Sell”.

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.