Simpple Ltd. (NASDAQ:SPPL) Sees Large Growth in Short Interest

Simpple Ltd. (NASDAQ:SPPL) was the target of a significant growth in short interest in January. As of January 30th, there was short interest totaling 5,442 shares, a growth of 66.2% from the January 15th total of 3,275 shares. Based on an average trading volume of 5,588 shares, the short-interest ratio is currently 1.0 days. Approximately 0.1% of the company’s stock are short sold. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 5,588 shares, the short-interest ratio is currently 1.0 days.

Wall Street Analysts Forecast Growth

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

Simpple Stock Down 9.5%

Simpple stock traded down $0.31 during trading hours on Friday, hitting $2.92. The stock had a trading volume of 3,484 shares, compared to its average volume of 4,054. The stock’s 50-day moving average price is $3.73 and its 200-day moving average price is $4.27. Simpple has a 12-month low of $2.18 and a 12-month high of $7.00.

Institutional Trading of Simpple

A hedge fund recently bought a new stake in Simpple stock. Connective Capital Management LLC purchased a new stake in shares of Simpple Ltd. (NASDAQ:SPPL) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 7,862 shares of the company’s stock, valued at approximately $46,000. Connective Capital Management LLC owned about 0.16% of Simpple as of its most recent SEC filing. Institutional investors own 0.01% of the company’s stock.

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.