Spark New Zealand Limited (OTCMKTS:SPKKY) Short Interest Up 623.8% in November

Spark New Zealand Limited (OTCMKTS:SPKKY) saw a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 121,600 shares, a growth of 623.8% from the October 31st total of 16,800 shares. Based on an average daily trading volume, of 700,000 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded Spark New Zealand to a “hold” rating in a research note on Wednesday, July 31st.

Spark New Zealand Stock Up 4.1 %

Spark New Zealand stock traded up $0.34 during midday trading on Wednesday, reaching $8.69. The stock had a trading volume of 103,309 shares, compared to its average volume of 127,309. Spark New Zealand has a 12 month low of $8.31 and a 12 month high of $16.44. The firm’s 50-day moving average price is $9.23 and its 200 day moving average price is $11.29. The company has a current ratio of 1.01, a quick ratio of 0.93 and a debt-to-equity ratio of 0.76.

Spark New Zealand Company Profile

Spark New Zealand Limited, together with its subsidiaries, provides telecommunications and digital services in New Zealand. It offers telecommunications, information technology, media, and other digital products and services, including mobile services; voice services; broadband services; internet sports streaming services; cloud, security, and service.