Spacsphere Acquisition Corp. (NASDAQ:SSACU) Shares Shorted: Short Interest Down 91.3% in September

Spacsphere Acquisition Corp. (NASDAQ:SSACU) saw a large decline in short interest in September. As of September 30th, there was short interest totaling 36 shares, a decline of 91.3% from the September 15th total of 416 shares. Based on an average daily trading volume, of 1,663 shares, the days-to-cover ratio is presently 0.0 days.

Spacsphere Acquisition Price Performance

SSACU stock traded up $0.35 during trading on Friday, reaching $10.66. 403 shares of the company were exchanged, compared to its average volume of 73,457. The company has a 50-day moving average of $10.36 and a two-hundred day moving average of $10.26. Spacsphere Acquisition has a twelve month low of $9.95 and a twelve month high of $10.68.

Hedge Funds Weigh In On Spacsphere Acquisition

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

About Spacsphere Acquisition

Spacsphere Acquisition Corp. is a blank check company, also known as a special purpose acquisition company (SPAC). The company was formed to raise capital through an initial public offering and pursue a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more operating businesses.

As of the available information, Spacsphere Acquisition Corp. does not have significant operating activities, products or services of its own.