Springview Holdings Ltd (NASDAQ:SPHL) Sees Significant Growth in Short Interest

Springview Holdings Ltd (NASDAQ:SPHL) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 43,145 shares, an increase of 292.7% from the May 31st total of 10,986 shares. Currently, 1.9% of the shares of the stock are sold short. Based on an average trading volume of 3,964,485 shares, the short-interest ratio is presently 0.0 days.

Springview Price Performance

Shares of NASDAQ:SPHL traded down $0.00 during midday trading on Monday, reaching $2.70. The company had a trading volume of 3,371 shares, compared to its average volume of 1,422,714. The company has a fifty day simple moving average of $2.82 and a two-hundred day simple moving average of $3.24. Springview has a 1-year low of $1.92 and a 1-year high of $25.11. 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 posted its quarterly earnings data on Tuesday, April 28th. The company reported ($0.07) earnings per share (EPS) for the quarter. The business had revenue of $1.57 million during the quarter.

Analyst Ratings Changes

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