Short Interest in Spark New Zealand Limited (OTCMKTS:SPKKY) Increases By 31,300.0%

Spark New Zealand Limited (OTCMKTS:SPKKY) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 31,400 shares, a growth of 31,300.0% from the September 30th total of 100 shares. Based on an average trading volume of 320,600 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

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

Spark New Zealand Price Performance

OTCMKTS SPKKY traded down $0.10 during trading on Friday, reaching $8.96. The company’s stock had a trading volume of 306,387 shares, compared to its average volume of 176,159. Spark New Zealand has a twelve month low of $8.77 and a twelve month high of $16.44. The business’s fifty day moving average price is $10.43 and its 200-day moving average price is $12.10. The company has a current ratio of 1.01, a quick ratio of 0.93 and a debt-to-equity ratio of 0.76.

Spark New Zealand Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 13th were paid a dividend of $0.0654 per share. The ex-dividend date was Friday, September 13th. This is an increase from Spark New Zealand’s previous dividend of $0.06.

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.