Short Interest in Simpple Ltd. (NASDAQ:SPPL) Decreases By 60.1%

Simpple Ltd. (NASDAQ:SPPL) saw a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 95,457 shares, a decrease of 60.1% from the June 30th total of 239,197 shares. Approximately 1.6% of the company’s stock are sold short. Based on an average daily volume of 64,819 shares, the short-interest ratio is currently 1.5 days.

Wall Street Analyst Weigh In

SPPL has been the subject of several recent research reports. Wall Street Zen raised Simpple to a “hold” rating in a research report on Saturday, June 6th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Simpple in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Simpple Price Performance

Shares of SPPL opened at $3.15 on Monday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.91 and a quick ratio of 0.80. The business’s 50 day moving average price is $3.44 and its 200-day moving average price is $2.92. Simpple has a 52 week low of $1.50 and a 52 week high of $7.00.

Institutional Investors Weigh In On Simpple

An institutional investor recently bought a new position in Simpple stock. Connective Capital Management LLC bought a new position in Simpple Ltd. (NASDAQ:SPPL) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,862 shares of the company’s stock, valued at approximately $46,000. Connective Capital Management LLC owned about 0.16% of Simpple at the end of the most recent quarter. Institutional investors and hedge funds own 0.01% of the company’s stock.

About Simpple

Simpple Ltd. provides advanced technology solutions in Singapore. The company engages in the sale, warranty, and maintenance of autonomous robotic cleaning equipment. It also offers SIMPPLE Ecosystem platform includes SIMPPLE Software, a software platform comprising modules related to quality management, workflow management, and people management; SIMPPLE PLUS, which offers complimentary peripherals, such as IoT sensors and robotic solutions that add value to the entire ecosystem that the company distributes, sells, and manages; and SIMPPLE.AI, a next generation facilities management autonomic intelligence engine that automates robotic and human workforce deployments.