Short Interest in Springview Holdings Ltd (NASDAQ:SPHL) Decreases By 60.1%

Springview Holdings Ltd (NASDAQ:SPHL) saw a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 40,355 shares, a drop of 60.1% from the January 29th total of 101,226 shares. Currently, 1.8% of the company’s shares are short sold. Based on an average daily volume of 89,984 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 89,984 shares, the days-to-cover ratio is currently 0.4 days. Currently, 1.8% of the company’s shares are short sold.

Springview Price Performance

Shares of NASDAQ:SPHL opened at $2.80 on Friday. Springview has a 52-week low of $1.92 and a 52-week high of $62.40. The stock has a 50 day moving average price of $3.97 and a 200-day moving average price of $3.98.

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

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Springview in a report on Monday, December 29th. Wall Street Zen raised Springview to a “sell” rating in a research note on Saturday, February 7th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

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. 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.