Spark New Zealand Limited (OTCMKTS:SPKKY) Sees Large Increase in Short Interest

Spark New Zealand Limited (OTCMKTS:SPKKY) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 31,400 shares, a growth of 31,300.0% from the September 30th total of 100 shares. Based on an average trading volume of 320,600 shares, the days-to-cover ratio is presently 0.1 days.

Spark New Zealand Stock Down 0.1 %

OTCMKTS:SPKKY opened at $8.95 on Friday. Spark New Zealand has a 1 year low of $8.77 and a 1 year high of $16.44. The stock has a 50-day moving average price of $10.34 and a two-hundred day moving average price of $12.05. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.01 and a quick ratio of 0.93.

Spark New Zealand Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 13th were issued a dividend of $0.0654 per share. The ex-dividend date was Friday, September 13th. This is a boost from Spark New Zealand’s previous dividend of $0.06.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised shares of Spark New Zealand to a “hold” rating in a research report on Wednesday, July 31st.

About Spark New Zealand

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.