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

Springview Holdings Ltd (NASDAQ:SPHL) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 50,380 shares, a growth of 158.4% from the June 30th total of 19,494 shares. Currently, 2.2% of the company’s shares are sold short. Based on an average trading volume of 1,709,364 shares, the days-to-cover ratio is currently 0.0 days.

Springview Stock Down 0.4%

Springview stock traded down $0.01 during trading hours on Monday, hitting $2.58. The company had a trading volume of 13,404 shares, compared to its average volume of 1,357,953. 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 company has a 50-day moving average price of $2.88 and a two-hundred day moving average price of $3.24. Springview has a 1 year low of $1.92 and a 1 year high of $25.11.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered Springview from a “sell (d)” rating to a “sell (e+)” rating in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, 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.