Short Interest in Springview Holdings Ltd (NASDAQ:SPHL) Declines By 42.2%

Springview Holdings Ltd (NASDAQ:SPHL) saw a significant decrease in short interest in March. As of March 13th, there was short interest totaling 20,160 shares, a decrease of 42.2% from the February 26th total of 34,896 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average daily volume of 22,732 shares, the short-interest ratio is currently 0.9 days.

Springview Stock Performance

Shares of NASDAQ SPHL opened at $2.80 on Friday. Springview has a one year low of $1.92 and a one year high of $25.11. The business’s 50-day moving average price is $3.90 and its two-hundred day moving average price is $3.86.

Wall Street Analysts Forecast Growth

SPHL has been the topic of several recent analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of Springview in a research report on Monday, December 29th. Wall Street Zen upgraded Springview to a “sell” rating in a report on Saturday, February 7th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Springview presently has a consensus rating of “Sell”.

About Springview

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.