Springview Holdings Ltd (NASDAQ:SPHL) Short Interest Update

Springview Holdings Ltd (NASDAQ:SPHL) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 319,700 shares, an increase of 568.8% from the September 30th total of 47,800 shares. Based on an average daily trading volume, of 1,830,000 shares, the days-to-cover ratio is presently 0.2 days. Approximately 9.7% of the company’s stock are short sold. Approximately 9.7% of the company’s stock are short sold. Based on an average daily trading volume, of 1,830,000 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Springview in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Springview Trading Up 4.3%

Springview stock opened at $0.65 on Tuesday. The business’s 50-day simple moving average is $0.52 and its two-hundred day simple moving average is $0.52. Springview has a fifty-two week low of $0.35 and a fifty-two week high of $7.80.

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.