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

SPACSphere Acquisition Corp. (NASDAQ:SSAC) 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”.

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

SPACSphere Acquisition Corp is a blank check company.