Short Interest in SPACSphere Acquisition Corp. (NASDAQ:SSAC) Drops By 44.1%

SPACSphere Acquisition Corp. (NASDAQ:SSAC) was the recipient of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 20,860 shares, a drop of 44.1% from the May 14th total of 37,298 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 41,673 shares, the short-interest ratio is currently 0.5 days.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on SSAC shares. Wall Street Zen lowered shares of SPACSphere Acquisition from a “hold” rating to a “sell” rating in a research note on Friday, March 27th. Weiss Ratings started coverage on shares of SPACSphere Acquisition in a research note on Friday, May 29th. They set a “sell (e)” rating on the stock. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, SPACSphere Acquisition has a consensus rating of “Sell”.

SPACSphere Acquisition Trading Up 0.1%

Shares of SPACSphere Acquisition stock opened at $10.00 on Tuesday. SPACSphere Acquisition has a 52 week low of $9.85 and a 52 week high of $10.00. The business has a 50-day simple moving average of $9.94.

SPACSphere Acquisition Company Profile

SPACSphere Acquisition Corp is a blank check company.