Short Interest in Spacsphere Acquisition Corp. (NASDAQ:SSACU) Decreases By 53.2%

Spacsphere Acquisition Corp. (NASDAQ:SSACU) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 51 shares, a decrease of 53.2% from the June 15th total of 109 shares. Based on an average daily volume of 3,841 shares, the short-interest ratio is presently 0.0 days.

Spacsphere Acquisition Stock Performance

Shares of Spacsphere Acquisition stock traded down $0.07 during trading hours on Thursday, reaching $10.21. The company’s stock had a trading volume of 1,600 shares, compared to its average volume of 96,490. Spacsphere Acquisition has a one year low of $9.95 and a one year high of $10.28. The business’s 50 day moving average price is $10.27.

About Spacsphere Acquisition

Spacsphere Acquisition (NASDAQ: SSACU) is a special purpose acquisition company (SPAC) whose units trade on the Nasdaq under the ticker SSACU. As a blank?check company, its primary purpose is to raise capital through public markets and use those proceeds to identify, acquire, or merge with one or more privately held businesses, thereby bringing a target company public through a business combination or reverse merger.

The company’s main activities center on deal sourcing and transaction execution: evaluating potential acquisition targets, negotiating terms of a business combination, and completing the legal and regulatory steps required to consummate a merger.