Spacsphere Acquisition Corp. (NASDAQ:SSACU) Shares Shorted: Short Interest Down 69.4% in October

Spacsphere Acquisition Corp. (NASDAQ:SSACU) was the target of a significant decrease in short interest in the month of October. As of October 30th, there was short interest totaling 11 shares, a decrease of 69.4% from the October 15th total of 36 shares. Based on an average trading volume of 455 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of Spacsphere Acquisition

An institutional investor 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) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 10,241 shares of the company’s stock, valued at approximately $102,000.

Spacsphere Acquisition Stock Performance

Shares of SSACU remained flat at $10.40 during mid-day trading on Friday. 601 shares of the stock were exchanged, compared to its average volume of 62,426. The stock’s 50-day simple moving average is $10.44 and its two-hundred day simple moving average is $10.25. Spacsphere Acquisition has a twelve month low of $9.95 and a twelve month high of $10.70.

Spacsphere Acquisition Company Profile

Spacsphere Acquisition Corp. is a special purpose acquisition company (SPAC), also known as a blank-check company. It was formed to pursue a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company does not have an operating business or offer products and services of its own. Its primary activity is identifying and completing a business combination; the resulting company would conduct the acquired or combined business.