Spacsphere Acquisition Corp. (NASDAQ:SSACU) Sees Significant Increase in Short Interest

Spacsphere Acquisition Corp. (NASDAQ:SSACU) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 416 shares, a growth of 530.3% from the August 31st total of 66 shares. Based on an average daily volume of 942 shares, the days-to-cover ratio is currently 0.4 days.

Spacsphere Acquisition Stock Performance

Shares of SSACU stock traded up $0.01 during trading hours on Friday, reaching $10.30. 1,006 shares of the company’s stock were exchanged, compared to its average volume of 75,779. Spacsphere Acquisition has a fifty-two week low of $9.95 and a fifty-two week high of $10.68. The stock’s 50 day moving average is $10.28 and its 200-day moving average is $10.22.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Spacsphere Acquisition stock. Susquehanna International Group LLP purchased a new position in Spacsphere Acquisition Corp. (NASDAQ:SSACU) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,241 shares of the company’s stock, valued at approximately $102,000.

Spacsphere Acquisition Company Profile

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.