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

SPACSphere Acquisition Corp. (NASDAQ:SSAC) saw a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 13,072 shares, a decrease of 44.1% from the August 31st total of 23,390 shares. Based on an average daily volume of 47,955 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On SPACSphere Acquisition

An institutional investor recently bought a new position in SPACSphere Acquisition stock. Lineage Point Capital LP purchased a new stake in SPACSphere Acquisition Corp. (NASDAQ:SSAC) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 763,000 shares of the company’s stock, valued at approximately $7,615,000. SPACSphere Acquisition accounts for approximately 1.6% of Lineage Point Capital LP’s portfolio, making the stock its 7th biggest holding. Lineage Point Capital LP owned 4.17% of SPACSphere Acquisition as of its most recent filing with the SEC.

SPACSphere Acquisition Stock Performance

NASDAQ SSAC traded up $0.01 during mid-day trading on Wednesday, reaching $10.13. 735 shares of the stock were exchanged, compared to its average volume of 109,923. The business’s 50 day moving average is $10.08 and its 200-day moving average is $9.99. SPACSphere Acquisition has a 1 year low of $9.85 and a 1 year high of $10.13.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded SPACSphere Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research note 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 an average rating of “Sell”.

About SPACSphere Acquisition

SPACSphere Acquisition Corp is a blank check company.