Short Interest in Spark New Zealand Limited (OTCMKTS:SPKKY) Drops By 33.1%

Spark New Zealand Limited (OTCMKTS:SPKKY) saw a large decrease in short interest in July. As of July 31st, there was short interest totalling 45,400 shares, a decrease of 33.1% from the July 15th total of 67,900 shares. Based on an average daily trading volume, of 193,200 shares, the short-interest ratio is presently 0.2 days.

Spark New Zealand Price Performance

Shares of SPKKY traded down $0.23 during trading hours on Friday, reaching $13.37. 22,507 shares of the company traded hands, compared to its average volume of 77,744. The business has a fifty day moving average price of $12.70 and a 200-day moving average price of $13.79. Spark New Zealand has a 12-month low of $12.10 and a 12-month high of $16.44.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised Spark New Zealand to a “hold” rating in a report on Wednesday, July 31st.

Spark New Zealand Company Profile

Spark New Zealand Limited, together with its subsidiaries, provides telecommunications and digital services in New Zealand. It offers telecommunications, information technology, media, and other digital products and services, including mobile services; voice services; broadband services; internet sports streaming services; cloud, security, and service.