Springview Holdings Ltd (NASDAQ:SPHL) Short Interest Up 292.7% in June

Springview Holdings Ltd (NASDAQ:SPHL) was the recipient of a significant increase in short interest during 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. Based on an average daily volume of 3,964,485 shares, the days-to-cover ratio is currently 0.0 days. Approximately 1.9% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

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

Springview Price Performance

NASDAQ:SPHL traded down $0.08 on Friday, hitting $2.70. The stock had a trading volume of 10,005 shares, compared to its average volume of 2,248,302. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.37 and a current ratio of 3.37. The company has a fifty day moving average price of $2.82 and a two-hundred day moving average price of $3.25. Springview has a 1-year low of $1.92 and a 1-year high of $25.11.

Springview (NASDAQ:SPHL) last announced its quarterly earnings results on Tuesday, April 28th. The company reported ($0.07) earnings per share (EPS) for the quarter. The firm had revenue of $1.57 million for the quarter.

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.