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

Springview Holdings Ltd (NASDAQ:SPHL) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 50,380 shares, an increase of 158.4% from the June 30th total of 19,494 shares. Currently, 2.2% of the shares of the stock are sold short. Based on an average trading volume of 1,709,364 shares, the short-interest ratio is currently 0.0 days.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded Springview from a “sell (d)” rating to a “sell (e+)” rating in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Springview Trading Up 1.2%

Shares of SPHL traded up $0.03 during midday trading on Wednesday, hitting $2.58. 16,678 shares of the stock were exchanged, compared to its average volume of 1,339,155. Springview has a 52-week low of $1.92 and a 52-week high of $25.11. The stock has a fifty day simple moving average of $2.88 and a 200 day simple moving average of $3.24. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.06.

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

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.