Simpple Ltd. (NASDAQ:SPPL) Short Interest Down 49.5% in June

Simpple Ltd. (NASDAQ:SPPL) was the recipient of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 161,328 shares, a decline of 49.5% from the May 31st total of 319,764 shares. Based on an average trading volume of 2,391,247 shares, the short-interest ratio is presently 0.1 days. Approximately 2.8% of the company’s shares are short sold.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Wall Street Zen upgraded Simpple to a “hold” rating in a report on Saturday, June 6th. Weiss Ratings restated a “sell (e+)” rating on shares of Simpple in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Institutional Investors Weigh In On Simpple

An institutional investor recently bought a new position in Simpple stock. Connective Capital Management LLC purchased a new position in shares of Simpple Ltd. (NASDAQ:SPPL) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 7,862 shares of the company’s stock, valued at approximately $46,000. Connective Capital Management LLC owned 0.16% of Simpple at the end of the most recent reporting period. 0.01% of the stock is owned by institutional investors and hedge funds.

Simpple Trading Up 0.7%

Shares of NASDAQ:SPPL traded up $0.03 during mid-day trading on Tuesday, hitting $3.92. 563,226 shares of the company traded hands, compared to its average volume of 775,377. The firm’s 50 day simple moving average is $3.08 and its 200 day simple moving average is $3.04. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.80 and a current ratio of 0.91. Simpple has a 52-week low of $1.50 and a 52-week high of $7.00.

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

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.