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

Spacsphere Acquisition Corp. (NASDAQ:SSACU) saw a large decrease in short interest in September. As of September 30th, there was short interest totaling 36 shares, a decrease of 91.3% from the September 15th total of 416 shares. Based on an average daily volume of 1,663 shares, the short-interest ratio is presently 0.0 days.

Spacsphere Acquisition Trading Up 3.4%

NASDAQ SSACU traded up $0.35 during trading hours on Friday, hitting $10.66. 403 shares of the company’s stock were exchanged, compared to its average volume of 73,457. The stock has a 50-day simple moving average of $10.36 and a 200 day simple moving average of $10.26. Spacsphere Acquisition has a 1-year low of $9.95 and a 1-year high of $10.68.

Institutional Trading of Spacsphere Acquisition

A hedge fund recently bought a new position in Spacsphere Acquisition stock. Susquehanna International Group LLP acquired a new stake in Spacsphere Acquisition Corp. (NASDAQ:SSACU) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 10,241 shares of the company’s stock, valued at approximately $102,000.

Spacsphere Acquisition Company Profile

Spacsphere Acquisition Corp. is a blank check company, also known as a special purpose acquisition company (SPAC). The company was formed to raise capital through an initial public offering and pursue a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more operating businesses.

As of the available information, Spacsphere Acquisition Corp. does not have significant operating activities, products or services of its own.