Springview Holdings Ltd (NASDAQ:SPHL) Short Interest Down 38.3% in April

Springview Holdings Ltd (NASDAQ:SPHL) was the target of a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 12,360 shares, a decrease of 38.3% from the April 15th total of 20,047 shares. Based on an average daily volume of 9,083 shares, the short-interest ratio is currently 1.4 days. Currently, 0.5% of the company’s shares are short sold.

Springview Stock Down 1.9%

SPHL stock traded down $0.06 during midday trading on Monday, hitting $2.84. The company’s stock had a trading volume of 6,423 shares, compared to its average volume of 1,367,557. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.37 and a current ratio of 3.37. Springview has a 52-week low of $1.92 and a 52-week high of $25.11. The firm has a 50-day simple moving average of $2.67 and a 200-day simple moving average of $3.42.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Wall Street Zen upgraded Springview to a “sell” rating in a report on Saturday, February 7th. Weiss Ratings downgraded Springview from a “sell (d)” rating to a “sell (e+)” rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

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.