Springview Holdings Ltd (NASDAQ:SPHL) Sees Large Decline in Short Interest

Springview Holdings Ltd (NASDAQ:SPHL) saw a significant decline in short interest in April. As of April 30th, there was short interest totaling 12,360 shares, a decline of 38.3% from the April 15th total of 20,047 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 9,083 shares, the days-to-cover ratio is presently 1.4 days.

Springview Stock Down 4.1%

Shares of NASDAQ SPHL traded down $0.12 during mid-day trading on Tuesday, hitting $2.68. The company had a trading volume of 4,342 shares, compared to its average volume of 1,353,241. Springview has a 1 year low of $1.92 and a 1 year high of $25.11. The stock’s 50-day moving average price is $2.67 and its 200-day moving average price is $3.40. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.37 and a quick ratio of 3.37.

Springview (NASDAQ:SPHL) last posted its quarterly earnings data on Tuesday, April 28th. The company reported ($0.07) earnings per share (EPS) for the quarter. The company had revenue of $1.57 million during the quarter.

Analyst Upgrades and Downgrades

SPHL has been the subject of several recent research reports. Wall Street Zen upgraded Springview to a “sell” rating in a research report on Saturday, February 7th. Weiss Ratings cut Springview from a “sell (d)” rating to a “sell (e+)” rating in a research report on Wednesday, May 6th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Springview has an average rating of “Sell”.

Springview Company Profile

Our company, through our indirect wholly owned subsidiary, Springview Enterprises Pte. Ltd. (“Springview Singapore”), designs and constructs residential and commercial buildings in Singapore. Our projects cover four main types of work: (i) new construction, (ii) reconstruction, (iii) additions and alterations (A&A), and (iv) other general contracting services. For new construction, an existing house will be demolished, and a new house will be rebuilt. Our reconstruction work involves replacement of a substantial part of a house.