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

Spark New Zealand Limited (OTCMKTS:SPKKYGet Rating) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totalling 15,900 shares, a drop of 64.0% from the April 30th total of 44,200 shares. Based on an average daily trading volume, of 62,100 shares, the short-interest ratio is currently 0.3 days.

Shares of Spark New Zealand stock opened at $15.20 on Thursday. Spark New Zealand has a 12 month low of $14.02 and a 12 month high of $17.45. The business has a fifty day simple moving average of $15.98 and a 200 day simple moving average of $15.54.

The business also recently disclosed a dividend, which was paid on Monday, April 18th. Investors of record on Thursday, March 24th were paid a dividend of $0.0632 per share. The ex-dividend date was Wednesday, March 23rd. This represents a dividend yield of 5.06%.

Separately, Zacks Investment Research cut Spark New Zealand from a “buy” rating to a “hold” rating in a research note on Wednesday, April 27th.

About Spark New Zealand (Get Rating)

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.

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