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

SPACSphere Acquisition Corp. (NASDAQ:SSAC) saw a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 24,401 shares, a decline of 41.2% from the July 30th total of 41,521 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 34,543 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Investors Weigh In On SPACSphere Acquisition

An institutional investor recently bought a new stake in SPACSphere Acquisition stock. Lineage Point Capital LP acquired a new position in shares of SPACSphere Acquisition Corp. (NASDAQ:SSAC) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 763,000 shares of the company’s stock, valued at approximately $7,615,000. SPACSphere Acquisition comprises 1.6% of Lineage Point Capital LP’s holdings, making the stock its 7th largest position. Lineage Point Capital LP owned about 4.17% of SPACSphere Acquisition at the end of the most recent quarter.

SPACSphere Acquisition Stock Down 0.1%

Shares of NASDAQ SSAC traded down $0.01 during midday trading on Monday, reaching $10.09. The company’s stock had a trading volume of 90,502 shares, compared to its average volume of 122,710. The stock has a 50 day simple moving average of $10.03. SPACSphere Acquisition has a fifty-two week low of $9.85 and a fifty-two week high of $10.10.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of SPACSphere Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

About SPACSphere Acquisition

SPACSphere Acquisition Corp is a blank check company.