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

Simpple Ltd. (NASDAQ:SPPL) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 442,408 shares, an increase of 123.5% from the April 30th total of 197,985 shares. Based on an average daily volume of 1,076,964 shares, the short-interest ratio is presently 0.4 days. Approximately 7.6% of the company’s shares are sold short.

Analyst Ratings Changes

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

Institutional Trading of Simpple

An institutional investor recently bought a new position in Simpple stock. Connective Capital Management LLC bought a new stake in shares of Simpple Ltd. (NASDAQ:SPPL) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 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 and hedge funds.

Simpple Stock Performance

Simpple stock traded up $0.94 during trading hours on Friday, hitting $3.59. 640,030 shares of the stock traded hands, compared to its average volume of 1,197,757. The firm’s 50-day moving average price is $2.36 and its two-hundred day moving average price is $3.16. 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 has a one year low of $1.50 and a one year high of $7.00.

Simpple (NASDAQ:SPPL) last posted its quarterly earnings data 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.