Spacsphere Acquisition Corp. (NASDAQ:SSACU) Short Interest Update

Spacsphere Acquisition Corp. (NASDAQ:SSACU) was the target of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 114 shares, a drop of 47.2% from the April 30th total of 216 shares. Based on an average trading volume of 77 shares, the short-interest ratio is presently 1.5 days.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered Spacsphere Acquisition from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th.

Spacsphere Acquisition Price Performance

Shares of NASDAQ SSACU remained flat at $11.16 during midday trading on Tuesday. The stock had a trading volume of 200 shares, compared to its average volume of 106,562. Spacsphere Acquisition has a fifty-two week low of $9.95 and a fifty-two week high of $10.15. The stock’s fifty day moving average is $10.11.

Spacsphere Acquisition Company Profile

Spacsphere Acquisition (NASDAQ: SSACU) is a special purpose acquisition company (SPAC) whose units trade on the Nasdaq under the ticker SSACU. As a blank?check company, its primary purpose is to raise capital through public markets and use those proceeds to identify, acquire, or merge with one or more privately held businesses, thereby bringing a target company public through a business combination or reverse merger.

The company’s main activities center on deal sourcing and transaction execution: evaluating potential acquisition targets, negotiating terms of a business combination, and completing the legal and regulatory steps required to consummate a merger.