Short Interest in Simpple Ltd. (NASDAQ:SPPL) Drops By 72.2%

Simpple Ltd. (NASDAQ:SPPL) saw a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 42,900 shares, a decrease of 72.2% from the October 15th total of 154,200 shares. Approximately 0.9% of the shares of the stock are short sold. Based on an average daily volume of 8,320,000 shares, the short-interest ratio is presently 0.0 days.

Hedge Funds Weigh In On Simpple

An institutional investor recently bought a new position in Simpple stock. Virtu Financial LLC acquired a new position in Simpple Ltd. (NASDAQ:SPPL) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 45,502 shares of the company’s stock, valued at approximately $36,000. Virtu Financial LLC owned about 0.28% of Simpple as of its most recent filing with the Securities and Exchange Commission. 0.01% of the stock is currently owned by institutional investors and hedge funds.

Simpple Stock Down 4.7 %

SPPL traded down $0.05 during trading on Wednesday, reaching $1.01. The stock had a trading volume of 379,820 shares, compared to its average volume of 2,597,350. The business has a 50-day moving average of $0.48 and a 200-day moving average of $0.50. Simpple has a one year low of $0.25 and a one year high of $9.68.

Simpple Company Profile

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.