Short Interest in Spark New Zealand Limited (OTCMKTS:SPKKY) Drops By 56.9%

Spark New Zealand Limited (OTCMKTS:SPKKYGet Rating) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 8,500 shares, a decline of 56.9% from the August 15th total of 19,700 shares. Based on an average daily volume of 43,900 shares, the days-to-cover ratio is presently 0.2 days.

Spark New Zealand Stock Down 1.4 %

SPKKY stock opened at $15.45 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 0.80. The company has a fifty day moving average price of $16.08 and a two-hundred day moving average price of $15.82. Spark New Zealand has a one year low of $13.86 and a one year high of $17.09.

Spark New Zealand Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, October 17th. Stockholders of record on Thursday, September 15th will be given a $0.0583 dividend. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a dividend yield of 4.65%.

Spark New Zealand Company Profile

(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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