Short Interest in Simpple Ltd. (NASDAQ:SPPL) Drops By 16.9%

Simpple Ltd. (NASDAQ:SPPL) saw a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 233,100 shares, a decrease of 16.9% from the February 13th total of 280,400 shares. Based on an average daily volume of 764,600 shares, the days-to-cover ratio is currently 0.3 days. Approximately 4.8% of the company’s stock are sold short.

Simpple Trading Up 1.1 %

SPPL stock opened at $0.46 on Wednesday. Simpple has a 1 year low of $0.25 and a 1 year high of $2.10. The company has a quick ratio of 0.73, a current ratio of 0.92 and a debt-to-equity ratio of 0.24. The business’s 50-day moving average is $0.66 and its two-hundred day moving average is $0.70.

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.