Springview Holdings Ltd (NASDAQ:SPHL) Short Interest Update

Springview Holdings Ltd (NASDAQ:SPHL) saw a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 19,494 shares, a drop of 54.8% from the June 15th total of 43,145 shares. Approximately 0.9% of the company’s shares are sold short. Based on an average daily trading volume, of 117,424 shares, the days-to-cover ratio is presently 0.2 days.

Springview Price Performance

SPHL stock traded down $0.07 during mid-day trading on Tuesday, reaching $2.87. The company had a trading volume of 13,637 shares, compared to its average volume of 1,448,882. 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 firm has a fifty day simple moving average of $2.90 and a 200 day simple moving average of $3.21. Springview has a fifty-two week low of $1.92 and a fifty-two week high of $25.11.

Springview (NASDAQ:SPHL) last released its earnings results on Tuesday, April 28th. The company reported ($0.07) earnings per share for the quarter. The company 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 report on Wednesday, May 6th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average 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.