SPACSphere Acquisition Corp. (NASDAQ:SSAC) Sees Significant Decline in Short Interest

SPACSphere Acquisition Corp. (NASDAQ:SSACGet Free Report) saw a significant decrease in short interest in June. As of June 15th, there was short interest totaling 4,105 shares, a decrease of 80.3% from the May 31st total of 20,860 shares. Based on an average trading volume of 312,097 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

SPACSphere Acquisition Stock Performance

Shares of NASDAQ SSAC opened at $9.98 on Friday. The company’s 50 day moving average price is $9.96. SPACSphere Acquisition has a 52-week low of $9.85 and a 52-week high of $10.01.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Weiss Ratings assumed coverage on shares of SPACSphere Acquisition in a report on Friday, May 29th. They set a “sell (e)” rating on the stock. Wall Street Zen lowered SPACSphere Acquisition from a “hold” rating to a “sell” rating in a research report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

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SPACSphere Acquisition Company Profile

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SPACSphere Acquisition Corp is a blank check company.

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