SPACSphere Acquisition Corp. (NASDAQ:SSAC) Short Interest Down 80.3% in June

SPACSphere Acquisition Corp. (NASDAQ:SSAC) was the recipient of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 4,105 shares, a decline of 80.3% from the May 31st total of 20,860 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 312,097 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SSAC. Wall Street Zen cut shares of SPACSphere Acquisition from a “hold” rating to a “sell” rating in a research report on Friday, March 27th. Weiss Ratings initiated coverage on SPACSphere Acquisition in a research note on Friday, May 29th. They set a “sell (e)” rating on the stock. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

SPACSphere Acquisition Stock Performance

Shares of NASDAQ:SSAC traded up $0.01 during trading on Friday, reaching $9.98. 542 shares of the company traded hands, compared to its average volume of 154,165. SPACSphere Acquisition has a 52-week low of $9.85 and a 52-week high of $10.01. The firm’s fifty day simple moving average is $9.96.

SPACSphere Acquisition Company Profile

SPACSphere Acquisition Corp is a blank check company.