Short Interest in Simpple Ltd. (NASDAQ:SPPL) Decreases By 40.2%

Simpple Ltd. (NASDAQ:SPPL) was the recipient of a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 3,255 shares, a drop of 40.2% from the January 29th total of 5,442 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 2,788 shares, the days-to-cover ratio is currently 1.2 days. Based on an average daily volume of 2,788 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Trading of Simpple

An institutional investor recently bought a new position in Simpple stock. Connective Capital Management LLC acquired a new position in shares of Simpple Ltd. (NASDAQ:SPPL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 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 reporting period. 0.01% of the stock is currently owned by institutional investors.

Simpple Stock Up 11.2%

Shares of Simpple stock opened at $3.27 on Friday. The business has a fifty day simple moving average of $3.34 and a 200 day simple moving average of $4.25. Simpple has a 12 month low of $2.18 and a 12 month high of $7.00.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Simpple in a research report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

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.