Springview Holdings Ltd (NASDAQ:SPHL) Short Interest Update

Springview Holdings Ltd (NASDAQ:SPHL) was the target of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 19,494 shares, a decline of 54.8% from the June 15th total of 43,145 shares. Approximately 0.9% of the company’s stock are sold short. Based on an average daily trading volume, of 117,424 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut shares of Springview from a “sell (d)” rating to a “sell (e+)” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Springview Trading Down 2.2%

Shares of Springview stock traded down $0.07 during trading on Tuesday, reaching $2.87. The company’s stock had a trading volume of 13,637 shares, compared to its average volume of 1,448,882. The company has a 50-day moving average price of $2.90 and a two-hundred day moving average price of $3.21. Springview has a fifty-two week low of $1.92 and a fifty-two week high of $25.11. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.37 and a current ratio of 3.37.

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

About Springview

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.