Springview Holdings Ltd (NASDAQ:SPHL) Short Interest Update

Springview Holdings Ltd (NASDAQ:SPHL) was the recipient of a significant increase in short interest in April. As of April 15th, there was short interest totaling 20,047 shares, an increase of 53.7% from the March 31st total of 13,041 shares. Based on an average daily trading volume, of 13,679 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.9% of the shares of the stock are short sold.

Springview Trading Up 0.2%

SPHL stock opened at $2.32 on Tuesday. The firm has a 50 day moving average of $2.77 and a 200-day moving average of $3.60. Springview has a 12-month low of $1.92 and a 12-month high of $25.11.

Analyst Ratings Changes

Several research firms have issued reports on SPHL. Weiss Ratings reiterated a “sell (d)” rating on shares of Springview in a research report on Friday, March 27th. Wall Street Zen upgraded shares of Springview to a “sell” rating in a research report on Saturday, February 7th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Springview currently 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.