Springview Holdings Ltd (NASDAQ:SPHL) Short Interest Update

Springview Holdings Ltd (NASDAQ:SPHL) was the recipient of a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 101,226 shares, an increase of 339.9% from the January 15th total of 23,013 shares. Approximately 4.5% of the company’s shares are sold short. Based on an average daily volume of 1,302,481 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 1,302,481 shares, the days-to-cover ratio is currently 0.1 days. Approximately 4.5% of the company’s shares are sold short.

Springview Trading Down 4.0%

NASDAQ:SPHL opened at $4.82 on Wednesday. Springview has a twelve month low of $1.92 and a twelve month high of $62.40. The stock has a fifty day simple moving average of $3.99 and a 200-day simple moving average of $4.04.

Springview (NASDAQ:SPHL) last posted its quarterly earnings results on Friday, September 26th. The company reported ($0.08) EPS for the quarter. The firm had revenue of $1.47 million for the quarter.

Wall Street Analysts Forecast Growth

SPHL has been the subject of a number of analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Springview in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Springview to a “sell” rating in a report on Saturday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average 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.