Short Interest in Simpple Ltd. (NASDAQ:SPPL) Grows By 66.2%

Simpple Ltd. (NASDAQ:SPPL) saw a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 5,442 shares, an increase of 66.2% from the January 15th total of 3,275 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 5,588 shares, the short-interest ratio is presently 1.0 days. Based on an average trading volume of 5,588 shares, the short-interest ratio is presently 1.0 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Trading of Simpple

A hedge fund recently bought a new stake in Simpple stock. Connective Capital Management LLC acquired a new position in shares of Simpple Ltd. (NASDAQ:SPPL) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 7,862 shares of the company’s stock, valued at approximately $46,000. Connective Capital Management LLC owned approximately 0.16% of Simpple at the end of the most recent reporting period. Institutional investors and hedge funds own 0.01% of the company’s stock.

Simpple Stock Performance

Shares of NASDAQ SPPL opened at $2.92 on Friday. Simpple has a fifty-two week low of $2.18 and a fifty-two week high of $7.00. The business has a 50 day moving average price of $3.73 and a two-hundred day moving average price of $4.27.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Simpple in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

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.