Spark New Zealand Limited (OTCMKTS:SPKKY) Sees Large Increase in Short Interest

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

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded Spark New Zealand to a "hold" rating in a research note on Wednesday, July 31st.

Spark New Zealand Stock Down 0.1 %

SPKKY stock traded down $0.01 during midday trading on Friday, hitting $8.95. The company's stock had a trading volume of 120,605 shares, compared to its average volume of 104,615. Spark New Zealand has a 12 month low of $8.77 and a 12 month high of $16.44. The company has a current ratio of 1.01, a quick ratio of 0.93 and a debt-to-equity ratio of 0.76. The company has a 50 day moving average of $10.43 and a two-hundred day moving average of $12.10.

Spark New Zealand Increases Dividend

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

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.