Spark I Acquisition Co. (NASDAQ:SPKL) Short Interest Update

Spark I Acquisition Co. (NASDAQ:SPKL) was the target of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 2,700 shares, an increase of 17.4% from the February 13th total of 2,300 shares. Based on an average trading volume of 18,700 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Spark I Acquisition Stock Performance

NASDAQ:SPKL opened at $10.76 on Wednesday. The firm’s fifty day simple moving average is $10.71 and its 200 day simple moving average is $10.60. Spark I Acquisition has a twelve month low of $10.26 and a twelve month high of $11.95.

Institutional Trading of Spark I Acquisition

A number of hedge funds have recently made changes to their positions in SPKL. Toronto Dominion Bank acquired a new position in shares of Spark I Acquisition in the 4th quarter worth approximately $5,320,000. Wolverine Asset Management LLC boosted its holdings in Spark I Acquisition by 19.5% in the fourth quarter. Wolverine Asset Management LLC now owns 475,875 shares of the company’s stock worth $5,063,000 after purchasing an additional 77,581 shares during the period. D. E. Shaw & Co. Inc. boosted its holdings in Spark I Acquisition by 12.1% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 175,145 shares of the company’s stock worth $1,864,000 after purchasing an additional 18,952 shares during the period. Mizuho Securities USA LLC bought a new stake in Spark I Acquisition during the fourth quarter valued at $1,616,000. Finally, Bulldog Investors LLP raised its holdings in shares of Spark I Acquisition by 46.6% during the fourth quarter. Bulldog Investors LLP now owns 149,734 shares of the company’s stock worth $1,593,000 after purchasing an additional 47,616 shares during the period. Hedge funds and other institutional investors own 34.90% of the company’s stock.

Spark I Acquisition Company Profile

Spark I Acquisition Corporation does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar combination with one or more businesses or assets. The company was incorporated in 2021 and is based in Palo Alto, California.