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

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

Hedge Funds Weigh In On SPACSphere Acquisition

An institutional investor recently bought a new position in SPACSphere Acquisition stock. Harraden Circle Investments LLC bought a new stake in shares of SPACSphere Acquisition Corp. (NASDAQ:SSAC) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 2,089,230 shares of the company’s stock, valued at approximately $20,851,000. SPACSphere Acquisition comprises approximately 2.1% of Harraden Circle Investments LLC’s investment portfolio, making the stock its 16th biggest holding. Harraden Circle Investments LLC owned 11.42% of SPACSphere Acquisition at the end of the most recent quarter.

Analyst Ratings Changes

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

SPACSphere Acquisition Stock Performance

Shares of SSAC stock traded up $0.01 during mid-day trading on Wednesday, hitting $10.09. 13,266 shares of the stock traded hands, compared to its average volume of 120,974. SPACSphere Acquisition has a twelve month low of $9.85 and a twelve month high of $10.10. The stock’s 50-day simple moving average is $10.03.

About SPACSphere Acquisition

SPACSphere Acquisition Corp is a blank check company.