Springview Holdings Ltd (NASDAQ:SPHL) Short Interest Down 60.1% in February

Springview Holdings Ltd (NASDAQ:SPHL) was the target of a significant decline in short interest in February. As of February 13th, there was short interest totaling 40,355 shares, a decline of 60.1% from the January 29th total of 101,226 shares. Based on an average trading volume of 89,984 shares, the short-interest ratio is currently 0.4 days. Approximately 1.8% of the company’s stock are short sold. Approximately 1.8% of the company’s stock are short sold. Based on an average trading volume of 89,984 shares, the short-interest ratio is currently 0.4 days.

Springview Stock Up 1.8%

Shares of Springview stock opened at $2.80 on Friday. The company has a 50-day simple moving average of $3.97 and a two-hundred day simple moving average of $3.98. Springview has a 52-week low of $1.92 and a 52-week high of $62.40.

Springview (NASDAQ:SPHL) last announced its quarterly earnings results on Friday, September 26th. The company reported ($0.08) earnings per share for the quarter. The company had revenue of $1.47 million for the quarter.

Wall Street Analysts Forecast Growth

SPHL has been the subject of a number of analyst reports. Wall Street Zen raised shares of Springview to a “sell” rating in a research note on Saturday, February 7th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Springview in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Springview presently has an average rating of “Sell”.

About Springview

Our company, through our indirect wholly owned subsidiary, Springview Enterprises Pte. Ltd. (“Springview Singapore”), designs and constructs residential and commercial buildings in Singapore. Our projects cover four main types of work: (i) new construction, (ii) reconstruction, (iii) additions and alterations (A&A), and (iv) other general contracting services. For new construction, an existing house will be demolished, and a new house will be rebuilt. Our reconstruction work involves replacement of a substantial part of a house.