Spacsphere Acquisition Corp. (NASDAQ:SSACU – Get Free Report) was the target of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 87 shares, a drop of 39.2% from the July 30th total of 143 shares. Based on an average daily volume of 36 shares, the short-interest ratio is currently 2.4 days.
Institutional Inflows and Outflows
A hedge fund recently bought a new position in Spacsphere Acquisition stock. Susquehanna International Group LLP bought a new stake in Spacsphere Acquisition Corp. (NASDAQ:SSACU – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,241 shares of the company’s stock, valued at approximately $102,000.
Spacsphere Acquisition Stock Performance
Shares of SSACU remained flat at $10.25 during trading hours on Monday. The business’s 50 day moving average is $10.23. Spacsphere Acquisition has a fifty-two week low of $9.95 and a fifty-two week high of $10.31.
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.
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