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

Simpple Ltd. (NASDAQ:SPPL) saw a significant growth in short interest in April. As of April 30th, there was short interest totaling 197,985 shares, a growth of 7,488.5% from the April 15th total of 2,609 shares. Approximately 3.4% of the company’s stock are short sold. Based on an average daily volume of 2,188,860 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Simpple

An institutional investor recently bought a new position in Simpple stock. Connective Capital Management LLC acquired a new position in shares of Simpple Ltd. (NASDAQ:SPPL) in the 3rd quarter, according to its most recent filing 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 approximately 0.16% of Simpple at the end of the most recent quarter. 0.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Simpple in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Simpple has an average rating of “Sell”.

Simpple Stock Up 0.7%

Shares of NASDAQ SPPL traded up $0.02 during mid-day trading on Monday, reaching $2.76. The company had a trading volume of 4,990,352 shares, compared to its average volume of 427,566. The stock has a fifty day moving average of $2.27 and a two-hundred day moving average of $3.48. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.91 and a quick ratio of 0.80. Simpple has a 12-month low of $1.50 and a 12-month high of $7.00.

Simpple (NASDAQ:SPPL) last announced its quarterly earnings data on Wednesday, April 8th. The company reported ($0.16) EPS for the quarter. The company had revenue of $0.92 million for the quarter.

About Simpple

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.