Short Interest in Simpple Ltd. (NASDAQ:SPPL) Drops By 28.4%

Simpple Ltd. (NASDAQ:SPPL) saw a significant decrease in short interest in the month of March. As of March 31st, there was short interest totaling 5,635 shares, a decrease of 28.4% from the March 15th total of 7,871 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 19,209 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On Simpple

A hedge fund recently bought a new stake in Simpple stock. Connective Capital Management LLC bought a new stake in Simpple Ltd. (NASDAQ:SPPL) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 7,862 shares of the company’s stock, valued at approximately $46,000. Connective Capital Management LLC owned about 0.16% of Simpple as of its most recent SEC filing. 0.01% of the stock is currently owned by hedge funds and other institutional investors.

Simpple Stock Up 3.3%

NASDAQ:SPPL traded up $0.06 during trading hours on Wednesday, reaching $1.97. 1,264 shares of the company were exchanged, compared to its average volume of 19,197. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.80 and a current ratio of 0.91. The stock’s 50-day moving average is $2.45 and its 200-day moving average is $3.86. Simpple has a twelve month low of $1.50 and a twelve month high of $7.00.

Simpple (NASDAQ:SPPL) last posted its quarterly earnings data on Wednesday, April 8th. The company reported ($0.16) earnings per share for the quarter. The business had revenue of $0.92 million for the quarter.

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 equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

About Simpple

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.