Simpple Ltd. (NASDAQ:SPPL) Short Interest Down 76.2% in January

Simpple Ltd. (NASDAQ:SPPL) was the recipient of a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 3,275 shares, a drop of 76.2% from the December 31st total of 13,776 shares. Based on an average trading volume of 7,514 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the shares of the stock are short sold. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 7,514 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of Simpple

An institutional investor recently bought a new position in Simpple stock. Connective Capital Management LLC purchased a new stake in Simpple Ltd. (NASDAQ:SPPL) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 7,862 shares of the company’s stock, valued at approximately $46,000. Connective Capital Management LLC owned approximately 0.16% of Simpple at the end of the most recent reporting period. 0.01% of the stock is owned by institutional investors.

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 research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Simpple Stock Down 1.0%

Shares of SPPL stock traded down $0.03 during trading on Wednesday, hitting $2.97. 303 shares of the stock traded hands, compared to its average volume of 7,035. Simpple has a 52-week low of $2.18 and a 52-week high of $7.00. The firm’s fifty day moving average price is $3.97 and its 200-day moving average price is $4.29.

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.