Spark New Zealand Ltd. (OTCMKTS:SPKKY) Sees Significant Increase in Short Interest

Spark New Zealand Ltd. (OTCMKTS:SPKKY) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 3,127 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 40,093 shares, the short-interest ratio is presently 0.1 days.

Spark New Zealand Price Performance

Shares of SPKKY opened at $5.50 on Friday. The stock’s 50-day moving average price is $5.74 and its two-hundred day moving average price is $5.95. Spark New Zealand has a 12 month low of $5.07 and a 12 month high of $7.05. The company has a quick ratio of 1.27, a current ratio of 1.37 and a debt-to-equity ratio of 0.55.

Spark New Zealand Company Profile

Spark New Zealand is a telecommunications and digital services company serving consumers, businesses and government customers in New Zealand. The company provides mobile and fixed-line connectivity, broadband and voice services, along with related digital products and support.

Through its business operations, Spark offers information and communications technology services such as cloud computing, managed networks, cybersecurity, collaboration tools and data-center solutions. It also provides entertainment and other digital services to residential customers through its telecommunications and broadband offerings.

The company was established as Telecom New Zealand following the deregulation of New Zealand’s telecommunications sector and was rebranded as Spark New Zealand in 2014.