Simpple Ltd. (NASDAQ:SPPL) Short Interest Update

Simpple Ltd. (NASDAQ:SPPL) was the target of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 95,457 shares, a drop of 60.1% from the June 30th total of 239,197 shares. Based on an average daily volume of 64,819 shares, the days-to-cover ratio is presently 1.5 days. Currently, 1.6% of the company’s stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Simpple stock. Connective Capital Management LLC acquired a new stake in Simpple Ltd. (NASDAQ:SPPL) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 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. Hedge funds and other institutional investors own 0.01% of the company’s stock.

Simpple Stock Performance

Simpple stock opened at $3.17 on Tuesday. Simpple has a 52 week low of $1.50 and a 52 week high of $7.00. The company’s 50 day moving average price is $3.45 and its two-hundred day moving average price is $2.92. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.91 and a quick ratio of 0.80.

Analyst Ratings Changes

Several research firms have weighed in on SPPL. Wall Street Zen upgraded shares of Simpple to a “hold” rating in a report on Saturday, June 6th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Simpple in a report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Simpple Company Profile

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.