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

Spark I Acquisition Co. (NASDAQ:SPKL) was the recipient of a significant decline in short interest in July. As of July 15th, there was short interest totalling 1,600 shares, a decline of 33.3% from the June 30th total of 2,400 shares. Based on an average daily volume of 34,900 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Spark I Acquisition Stock Performance

SPKL traded up $0.01 during trading on Friday, reaching $10.41. The stock had a trading volume of 4,973 shares, compared to its average volume of 6,767. Spark I Acquisition has a 1-year low of $10.07 and a 1-year high of $11.35. The stock has a 50 day moving average of $10.36 and a two-hundred day moving average of $10.29.

Institutional Investors Weigh In On Spark I Acquisition

A number of institutional investors have recently modified their holdings of SPKL. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in Spark I Acquisition during the fourth quarter valued at approximately $257,000. ATW Spac Management LLC bought a new position in Spark I Acquisition in the 4th quarter valued at $341,000. Bulldog Investors LLP bought a new position in shares of Spark I Acquisition in the fourth quarter valued at about $492,000. Cohanzick Management LLC acquired a new position in shares of Spark I Acquisition during the fourth quarter worth approximately $760,000. Finally, Cowen AND Company LLC bought a new position in Spark I Acquisition in the 4th quarter valued at $879,000. Institutional investors and hedge funds own 34.90% of the company’s stock.

About Spark I Acquisition

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.