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

Key Points

• Short interest plunged 85.9%, falling from 7,003 shares on March 15 to 989 shares on March 31, leaving a short-interest ratio of 0.0 days and 0.0% of shares reported short.
• Shares traded up 0.4% to $6.31 on Friday with a volume of 33,877 (vs. average 31,489); the 12‑month range is $5.78–$7.93 with a 50‑day MA of $6.46 and 200‑day MA of $6.57.
• Spark New Zealand is a leading New Zealand telecom and digital‑services provider (rebranded from Telecom New Zealand in 2014) offering mobile, broadband, cloud, managed IT and cybersecurity solutions.

Spark New Zealand Ltd. (OTCMKTS:SPKKY - Get Free Report) was the recipient of a large decline in short interest in the month of March. As of March 31st, there was short interest totaling 989 shares, a decline of 85.9% from the March 15th total of 7,003 shares. Based on an average trading volume of 85,200 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Spark New Zealand Trading Up 0.4%

Shares of OTCMKTS:SPKKY traded up $0.02 during midday trading on Friday, hitting $6.31. The company had a trading volume of 33,877 shares, compared to its average volume of 31,489. Spark New Zealand has a 12-month low of $5.78 and a 12-month high of $7.93. The company has a fifty day moving average of $6.46 and a two-hundred day moving average of $6.57.

About Spark New Zealand

Spark New Zealand OTCMKTS: SPKKY is a leading telecommunications and digital services provider based in New Zealand. The company offers a wide range of products and services, including mobile voice and data plans, fixed-line telephony, broadband internet, and digital connectivity solutions. Spark's portfolio also extends to cloud computing, managed IT services, cybersecurity, and software development, catering to both consumer and enterprise markets.

Originally established as Telecom New Zealand in 1987, the company underwent a major rebrand in 2014 to become Spark New Zealand, reflecting its strategic shift toward digital innovation and customer-centric services.

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