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

Simpple Ltd. (NASDAQ:SPPL) saw a significant increase in short interest in April. As of April 30th, there was short interest totaling 197,985 shares, an increase of 7,488.5% from the April 15th total of 2,609 shares. Currently, 3.4% of the company’s stock are short sold. Based on an average trading volume of 2,188,860 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Simpple

An institutional investor recently bought a new position in Simpple stock. Connective Capital Management LLC purchased a new position in shares of Simpple Ltd. (NASDAQ:SPPL) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 7,862 shares of the company’s stock, valued at approximately $46,000. Connective Capital Management LLC owned about 0.16% of Simpple at the end of the most recent quarter. 0.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated 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, Based on data from MarketBeat.com, Simpple currently has an average rating of “Sell”.

Simpple Trading Up 0.7%

SPPL opened at $2.78 on Wednesday. The company has a fifty day moving average of $2.25 and a two-hundred day moving average of $3.41. The company has a quick ratio of 0.80, a current ratio of 0.91 and a debt-to-equity ratio of 0.12. Simpple has a fifty-two week low of $1.50 and a fifty-two week high of $7.00.

Simpple (NASDAQ:SPPL) last released its earnings results on Wednesday, April 8th. The company reported ($0.16) EPS for the quarter. The firm had revenue of $0.92 million for 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.