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

Simpple Ltd. (NASDAQ:SPPL) was the recipient of a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 307,000 shares, a drop of 38.0% from the January 15th total of 495,100 shares. Currently, 6.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,580,000 shares, the days-to-cover ratio is presently 0.1 days.

Simpple Stock Down 8.9 %

Shares of NASDAQ:SPPL opened at $0.65 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.73 and a current ratio of 0.92. The firm has a 50 day moving average of $0.89 and a 200-day moving average of $0.67. Simpple has a 12 month low of $0.25 and a 12 month high of $5.89.

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.