Springview Holdings Ltd (NASDAQ:SPHL) Short Interest Update

Springview Holdings Ltd (NASDAQ:SPHL) was the target of a large decline in short interest during the month of March. As of March 31st, there was short interest totaling 13,041 shares, a decline of 35.3% from the March 15th total of 20,160 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 14,429 shares, the days-to-cover ratio is currently 0.9 days.

Analyst Upgrades and Downgrades

SPHL has been the subject of several research reports. Wall Street Zen upgraded Springview to a “sell” rating in a report on Saturday, February 7th. Weiss Ratings reiterated a “sell (d)” rating on shares of Springview in a report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Springview currently has an average rating of “Sell”.

Springview Stock Up 5.9%

SPHL traded up $0.14 on Tuesday, hitting $2.59. The company had a trading volume of 14,835 shares, compared to its average volume of 13,658. The company’s fifty day moving average price is $3.12 and its 200 day moving average price is $3.73. Springview has a 1-year low of $1.92 and a 1-year high of $25.11.

Springview Company Profile

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.