Spark New Zealand Limited (OTCMKTS:SPKKY) Short Interest Update

Spark New Zealand Limited (OTCMKTS:SPKKY) was the recipient of a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 16,800 shares, a decline of 46.5% from the October 15th total of 31,400 shares. Based on an average daily trading volume, of 458,400 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

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

Spark New Zealand Trading Down 0.5 %

Shares of Spark New Zealand stock traded down $0.05 during trading hours on Friday, reaching $9.05. The company’s stock had a trading volume of 344,782 shares, compared to its average volume of 119,730. 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’s 50 day simple moving average is $9.47 and its 200 day simple moving average is $11.58. Spark New Zealand has a one year low of $8.47 and a one year high of $16.44.

Spark New Zealand Increases Dividend

The company 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. The ex-dividend date was Friday, September 13th. This is a positive change from Spark New Zealand’s previous dividend of $0.06.

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.