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

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

Analysts Set New Price Targets

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

SPACSphere Acquisition Trading Up 0.1%

Shares of SSAC opened at $9.98 on Friday. SPACSphere Acquisition has a one year low of $9.85 and a one year high of $10.01. The company’s fifty day simple moving average is $9.96.

SPACSphere Acquisition Company Profile

SPACSphere Acquisition Corp is a blank check company.