Springview Holdings Ltd (NASDAQ:SPHL) Stock Short Interest Report for October

Springview Holdings Ltd (NASDAQ:SPHL) was the target of a large growth in short interest in October. As of October 30th, there was short interest totaling 86,604 shares, a growth of 664.7% from the October 15th total of 11,325 shares. Approximately 3.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 4,771,839 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Springview in a research report on Friday, October 30th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Springview presently has an average rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Springview stock. StoneX Group Inc. bought a new stake in Springview Holdings Ltd (NASDAQ:SPHL) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 11,852 shares of the company’s stock, valued at approximately $30,000. StoneX Group Inc. owned approximately 0.52% of Springview at the end of the most recent reporting period.

Springview Stock Performance

Springview stock opened at $2.27 on Friday. Springview has a 52 week low of $1.92 and a 52 week high of $25.11. The business has a 50-day simple moving average of $2.43 and a 200 day simple moving average of $2.81.

Springview (NASDAQ:SPHL) last announced its earnings results on Friday, August 14th. The company reported ($0.01) earnings per share for the quarter. The business had revenue of $2.00 million during the quarter.

About Springview

Springview Holdings Limited is a blank check company incorporated in the Cayman Islands. The company was formed to pursue a business combination with one or more operating businesses, which may include a merger, share exchange, asset acquisition, share purchase, reorganization or similar transaction. As a special purpose acquisition company, Springview does not have significant operating activities, products or services of its own. Its principal objective is to identify and complete a transaction with a target business, although there is no assurance that a suitable transaction will be completed.