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

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

Wall Street Analysts Forecast Growth

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

Spark New Zealand Price Performance

Spark New Zealand stock traded down $0.05 during midday trading on Friday, hitting $9.05. 344,782 shares of the company were exchanged, compared to its average volume of 119,730. Spark New Zealand has a fifty-two week low of $8.47 and a fifty-two week high of $16.44. The company’s fifty day moving average price is $9.47 and its 200-day moving average price is $11.58. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.93 and a current ratio of 1.01.

Spark New Zealand Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 13th were paid a $0.0654 dividend. The ex-dividend date of this dividend 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.