Simpple Ltd. (NASDAQ:SPPL) Sees Significant Decline in Short Interest

Simpple Ltd. (NASDAQ:SPPL) was the target of a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 63,700 shares, a drop of 26.4% from the March 31st total of 86,500 shares. Based on an average daily volume of 288,500 shares, the days-to-cover ratio is currently 0.2 days.

Simpple Price Performance

Shares of SPPL opened at $0.76 on Friday. The company’s 50-day moving average is $2.02 and its 200-day moving average is $4.62. Simpple has a fifty-two week low of $0.61 and a fifty-two week high of $9.68.

About Simpple

Simpple Ltd. operates as an advanced technology solution provider in Singapore. The company develops SIMPPLE Ecosystem, an ecosystem solution that automates workflow and the workforce in areas, such as building maintenance, security surveillance, and janitorial services. Its SIMPPLE Ecosystem includes SIMPPLE Software, a software platform comprising modules related to quality management, workflow management, and people management; SIMPPLE PLUS, a robotic solution in cleaning and security domains, as well as Internet-of-Things devices and peripherals; and SIMPPLE.AI, a next generation facilities management autonomic intelligence engine that automates workflow processes in a built environment setting.