Spacsphere Acquisition Corp. (NASDAQ:SSACU) Short Interest Up 276.3% in July
by Danessa Lincoln · The Markets DailySpacsphere Acquisition Corp. (NASDAQ:SSACU – Get Free Report) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 143 shares, an increase of 276.3% from the July 15th total of 38 shares. Based on an average daily volume of 1,505 shares, the days-to-cover ratio is presently 0.1 days.
Spacsphere Acquisition Price Performance
Spacsphere Acquisition stock opened at $10.23 on Thursday. The stock has a fifty day simple moving average of $10.26. Spacsphere Acquisition has a twelve month low of $9.95 and a twelve month high of $10.29.
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.