Simpple Ltd. (NASDAQ:SPPL) Sees Large Increase in Short Interest

Simpple Ltd. (NASDAQ:SPPL) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 154,200 shares, a growth of 5,407.1% from the September 30th total of 2,800 shares. Approximately 3.2% of the shares of the company are short sold. Based on an average daily volume of 194,200 shares, the short-interest ratio is presently 0.8 days.

Institutional Investors Weigh In On Simpple

An institutional investor recently bought a new position in Simpple stock. Virtu Financial LLC bought a new position in shares of Simpple Ltd. (NASDAQ:SPPL) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 45,502 shares of the company’s stock, valued at approximately $36,000. Virtu Financial LLC owned approximately 0.28% of Simpple at the end of the most recent reporting period. 0.01% of the stock is owned by institutional investors.

Simpple Trading Up 10.1 %

Shares of NASDAQ SPPL traded up $0.03 during midday trading on Friday, hitting $0.34. The company’s stock had a trading volume of 40,000 shares, compared to its average volume of 181,433. The firm’s fifty day moving average price is $0.37 and its 200-day moving average price is $0.50. Simpple has a 1-year low of $0.25 and a 1-year high of $9.68.

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.