Spark New Zealand Limited (OTCMKTS:SPKKY) Short Interest Up 623.8% in November

Spark New Zealand Limited (OTCMKTS:SPKKY) was the recipient of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 121,600 shares, a growth of 623.8% from the October 31st total of 16,800 shares. Based on an average trading volume of 700,000 shares, the days-to-cover ratio is presently 0.2 days.

Spark New Zealand Stock Up 4.1 %

Shares of OTCMKTS:SPKKY traded up $0.34 during midday trading on Wednesday, reaching $8.69. The company had a trading volume of 103,309 shares, compared to its average volume of 127,309. The company’s 50 day moving average price is $9.23 and its 200 day moving average price is $11.29. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.01 and a quick ratio of 0.93. Spark New Zealand has a 52-week low of $8.31 and a 52-week high of $16.44.

Analyst Ratings Changes

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

About Spark New Zealand

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.