Simpple Ltd. (NASDAQ:SPPL) Sees Significant Decrease in Short Interest

Simpple Ltd. (NASDAQ:SPPL) was the recipient of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 5,359 shares, a decrease of 57.0% from the September 15th total of 12,453 shares. Based on an average trading volume of 32,661 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

Simpple Stock Down 7.3%

Shares of SPPL stock traded down $0.14 on Wednesday, hitting $1.76. 1,543 shares of the stock were exchanged, compared to its average volume of 506,529. Simpple has a one year low of $1.50 and a one year high of $7.00. The firm’s 50 day moving average is $2.11 and its two-hundred day moving average is $2.68.

Institutional Investors Weigh In On Simpple

An institutional investor recently bought a new position in Simpple stock. Susquehanna International Group LLP bought a new position in shares of Simpple Ltd. (NASDAQ:SPPL) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 29,444 shares of the company’s stock, valued at approximately $115,000. Susquehanna International Group LLP owned 0.51% of Simpple as of its most recent SEC filing. Institutional investors and hedge funds own 0.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on SPPL shares. Wall Street Zen upgraded shares of Simpple from a “sell” rating to a “hold” rating in a research note on Sunday, September 27th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Simpple in a research note on Friday, July 17th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

About Simpple

Simpple Ltd. (NASDAQ: SPPL) develops artificial-intelligence and software solutions for smart buildings and facility management. Its platform is designed to help organizations monitor and manage workplaces, commercial properties and other facilities through connected data, automation and real-time operational insights.

The company’s solutions support functions such as space and occupancy management, cleaning operations, maintenance, visitor management and workplace services. By combining Internet of Things devices, analytics and workflow automation, Simpple aims to improve building efficiency, employee experience and the coordination of facility teams.

Simpple is based in Singapore and serves organizations seeking technology-enabled facility and workplace management capabilities.