Simpple Ltd. (NASDAQ:SPPL) Sees Significant Decrease in Short Interest

Simpple Ltd. (NASDAQ:SPPL) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 2,518 shares, a decrease of 53.0% from the September 30th total of 5,359 shares. Based on an average daily trading volume, of 2,964 shares, the short-interest ratio is presently 0.8 days. Approximately 0.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Simpple in a research note on Thursday, October 15th. Wall Street Zen upgraded Simpple from a “sell” rating to a “hold” rating in a research report on Sunday, September 27th. One analyst has rated the stock with a Sell rating. According to MarketBeat, Simpple currently has an average rating of “Sell”.

Hedge Funds Weigh In On Simpple

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

Simpple Trading Down 1.7%

Shares of NASDAQ SPPL opened at $2.02 on Friday. Simpple has a 52 week low of $1.50 and a 52 week high of $6.20. The firm has a 50-day moving average price of $2.03 and a 200 day moving average price of $2.67.

Simpple (NASDAQ:SPPL) last issued its earnings results on Friday, October 30th. The company reported ($0.11) earnings per share for the quarter. The business had revenue of $1.96 million for the quarter.

About Simpple

Simpple Ltd. is a Singapore-based technology company that develops artificial intelligence and Internet of Things solutions for smart building management. Its software is designed to help building owners and facility managers monitor and improve the operation of commercial properties and other managed spaces.

The company’s platform integrates data from sensors, connected devices and other building systems to provide insights into occupancy, space utilization, environmental conditions and facility operations.