SPACSphere Acquisition Corp. (NASDAQ:SSAC) Short Interest Update

by · The Cerbat Gem

SPACSphere Acquisition Corp. (NASDAQ:SSAC – Get Free Report) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 32,083 shares, an increase of 681.6% from the June 15th total of 4,105 shares. Based on an average daily trading volume, of 131,493 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on SSAC shares. Weiss Ratings began coverage on SPACSphere Acquisition in a research report on Friday, May 29th. They set a “sell (e)” rating for the company. Wall Street Zen cut shares of SPACSphere Acquisition from a “hold” rating to a “sell” rating in a research report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

View Our Latest Analysis on SPACSphere Acquisition

SPACSphere Acquisition Price Performance

NASDAQ SSAC traded down $0.01 during trading hours on Friday, hitting $10.01. 396 shares of the company were exchanged, compared to its average volume of 146,072. SPACSphere Acquisition has a 52 week low of $9.85 and a 52 week high of $10.01. The stock has a 50-day moving average price of $9.97.

SPACSphere Acquisition Company Profile

(Get Free Report)

SPACSphere Acquisition Corp is a blank check company.

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