Simpple Ltd. (NASDAQ:SPPL) Shares Shorted: Short Interest Down 57.0% in September
by Kim Johansen · The Markets DailySimpple Ltd. (NASDAQ:SPPL – Get Free Report) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totaling 5,359 shares, a decrease of 57.0% from the September 15th total of 12,453 shares. Based on an average trading volume of 32,661 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are short sold.
Institutional Investors Weigh In On Simpple
A hedge fund recently bought a new position in Simpple stock. Squarepoint Ops LLC acquired a new position in Simpple Ltd. (NASDAQ:SPPL – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 13,309 shares of the company’s stock, valued at approximately $52,000. Squarepoint Ops LLC owned 0.23% of Simpple at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.01% of the company’s stock.
Simpple Price Performance
Shares of SPPL stock traded down $0.02 during trading hours on Thursday, reaching $1.71. The company’s stock had a trading volume of 9,504 shares, compared to its average volume of 503,902. The firm’s fifty day simple moving average is $2.11 and its 200 day simple moving average is $2.68. Simpple has a one year low of $1.50 and a one year high of $6.57.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on SPPL shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Simpple in a research note on Friday, July 17th. Wall Street Zen upgraded shares of Simpple from a “sell” rating to a “hold” rating in a research note on Sunday, September 27th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company currently has an average rating of “Sell”.
View Our Latest Analysis on SPPL
Simpple Company Profile
Simpple Ltd. (NASDAQ: SPPL) develops artificial-intelligence and software solutions for smart buildings and facility management. Its platform is designed to help organizations monitor and manage workplaces, commercial properties and other facilities through connected data, automation and real-time operational insights.
The company’s solutions support functions such as space and occupancy management, cleaning operations, maintenance, visitor management and workplace services. By combining Internet of Things devices, analytics and workflow automation, Simpple aims to improve building efficiency, employee experience and the coordination of facility teams.
Simpple is based in Singapore and serves organizations seeking technology-enabled facility and workplace management capabilities.