Simpple Ltd. (NASDAQ:SPPL) Stock Short Interest Report for September

Simpple Ltd. (NASDAQ:SPPL) saw a large drop in short interest in September. As of September 30th, there was short interest totaling 5,359 shares, a drop of 57.0% from the September 15th total of 12,453 shares. Based on an average daily volume of 32,661 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Simpple Stock Performance

Shares of Simpple stock remained flat at $1.90 during trading on Tuesday. 5,293 shares of the stock traded hands, compared to its average volume of 509,230. The business’s fifty day simple moving average is $2.15 and its two-hundred day simple moving average is $2.68. Simpple has a 1-year low of $1.50 and a 1-year high of $7.00.

Institutional Investors Weigh In On Simpple

An institutional investor recently bought a new stake in Simpple stock. Susquehanna International Group LLP bought a new position in Simpple Ltd. (NASDAQ:SPPL) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 29,444 shares of the company’s stock, valued at approximately $115,000. Susquehanna International Group LLP owned approximately 0.51% of Simpple at the end of the most recent quarter. Institutional investors own 0.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on SPPL shares. Weiss Ratings restated a “sell (e+)” rating on shares of Simpple in a research report on Friday, July 17th. Wall Street Zen raised Simpple from a “sell” rating to a “hold” rating in a research report on Sunday, September 27th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

About Simpple

Simpple Ltd. (NASDAQ: SPPL) develops artificial-intelligence and software solutions for smart buildings and facility management. Its platform is designed to help organizations monitor and manage workplaces, commercial properties and other facilities through connected data, automation and real-time operational insights.

The company’s solutions support functions such as space and occupancy management, cleaning operations, maintenance, visitor management and workplace services. By combining Internet of Things devices, analytics and workflow automation, Simpple aims to improve building efficiency, employee experience and the coordination of facility teams.

Simpple is based in Singapore and serves organizations seeking technology-enabled facility and workplace management capabilities.