SPACSphere Acquisition Corp. (NASDAQ:SSAC) Short Interest Update

SPACSphere Acquisition Corp. (NASDAQ:SSAC) was the target of a significant growth in short interest during 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. Based on an average trading volume of 131,493 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the company’s shares are short sold.

Analyst Ratings Changes

Several research firms have recently issued reports on SSAC. Wall Street Zen lowered shares of SPACSphere Acquisition from a “hold” rating to a “sell” rating in a report on Friday, March 27th. Weiss Ratings assumed coverage on shares of SPACSphere Acquisition in a report on Friday, May 29th. They set a “sell (e)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

SPACSphere Acquisition Stock Down 0.0%

SSAC traded down $0.01 during trading hours on Friday, reaching $10.01. 396 shares of the company’s stock traded hands, compared to its average volume of 146,072. The company’s 50-day moving average price is $9.97. SPACSphere Acquisition has a 52-week low of $9.85 and a 52-week high of $10.01.

About SPACSphere Acquisition

SPACSphere Acquisition Corp is a blank check company.