SPACSphere Acquisition Corp. (NASDAQ:SSAC) Short Interest Up 681.6% in June

SPACSphere Acquisition Corp. (NASDAQ:SSAC) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 32,083 shares, a growth of 681.6% from the June 15th total of 4,105 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 131,493 shares, the days-to-cover ratio is presently 0.2 days.

Analysts Set New Price Targets

A number of equities research analysts have commented on SSAC shares. Wall Street Zen lowered SPACSphere Acquisition from a “hold” rating to a “sell” rating in a research report on Friday, March 27th. Weiss Ratings started coverage on SPACSphere Acquisition in a research note on Friday, May 29th. They issued a “sell (e)” rating on the stock. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, SPACSphere Acquisition presently has a consensus rating of “Sell”.

SPACSphere Acquisition Stock Down 0.1%

NASDAQ:SSAC opened at $10.00 on Monday. The business has a fifty day moving average of $9.97. SPACSphere Acquisition has a 12 month low of $9.85 and a 12 month high of $10.01.

SPACSphere Acquisition Company Profile

SPACSphere Acquisition Corp is a blank check company.