Spacsphere Acquisition Corp. (NASDAQ:SSACU) Stock Short Interest Falls 91.3%

Spacsphere Acquisition Corp. (NASDAQ:SSACU) was the target of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 36 shares, a decrease of 91.3% from the September 15th total of 416 shares. Based on an average daily trading volume, of 1,663 shares, the days-to-cover ratio is currently 0.0 days.

Spacsphere Acquisition Stock Up 3.4%

Shares of SSACU stock traded up $0.35 during trading hours on Friday, reaching $10.66. 403 shares of the company traded hands, compared to its average volume of 73,457. Spacsphere Acquisition has a 12-month low of $9.95 and a 12-month high of $10.68. The firm has a 50-day moving average price of $10.37 and a 200 day moving average price of $10.26.

Institutional Investors Weigh In On Spacsphere Acquisition

An institutional investor recently bought a new stake in Spacsphere Acquisition stock. Susquehanna International Group LLP purchased a new stake in shares of Spacsphere Acquisition Corp. (NASDAQ:SSACU) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 10,241 shares of the company’s stock, valued at approximately $102,000.

Spacsphere Acquisition Company Profile

Spacsphere Acquisition Corp. is a blank check company, also known as a special purpose acquisition company (SPAC). The company was formed to raise capital through an initial public offering and pursue a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more operating businesses.

As of the available information, Spacsphere Acquisition Corp. does not have significant operating activities, products or services of its own.