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

Simpple Ltd. (NASDAQ:SPPL) saw a large drop in short interest in October. As of October 15th, there was short interest totaling 2,518 shares, a drop 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 currently 0.8 days. Approximately 0.0% of the company’s stock are sold short.

Analyst Ratings Changes

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

Institutional Trading of Simpple

An institutional investor recently bought a new position in Simpple stock. Squarepoint Ops LLC acquired a new position in shares of Simpple Ltd. (NASDAQ:SPPL) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 13,309 shares of the company’s stock, valued at approximately $52,000. Squarepoint Ops LLC owned about 0.23% of Simpple at the end of the most recent reporting period. 0.01% of the stock is currently owned by institutional investors and hedge funds.

Simpple Stock Up 7.9%

NASDAQ SPPL opened at $2.32 on Friday. Simpple has a twelve month low of $1.50 and a twelve month high of $6.20. The business has a 50-day moving average price of $2.03 and a 200-day moving average price of $2.66.

Simpple (NASDAQ:SPPL) last released its quarterly earnings data on Saturday, October 31st. The company reported ($0.11) earnings per share (EPS) for the quarter. The firm 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.