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

Spark I Acquisition Co. (NASDAQ:SPKL) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 4,900 shares, an increase of 1,533.3% from the May 31st total of 300 shares. Based on an average daily volume of 39,700 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Hedge Funds Weigh In On Spark I Acquisition

A number of large investors have recently added to or reduced their stakes in SPKL. Wealthspring Capital LLC purchased a new position in shares of Spark I Acquisition in the fourth quarter valued at about $1,014,000. Cowen AND Company LLC purchased a new position in shares of Spark I Acquisition in the fourth quarter valued at about $879,000. Kim LLC purchased a new position in shares of Spark I Acquisition in the fourth quarter valued at about $1,521,000. Cohanzick Management LLC purchased a new position in shares of Spark I Acquisition in the fourth quarter valued at about $760,000. Finally, Flow State Investments L.P. purchased a new position in shares of Spark I Acquisition in the fourth quarter valued at about $1,268,000. Hedge funds and other institutional investors own 34.90% of the company’s stock.

Spark I Acquisition Price Performance

NASDAQ:SPKL traded down $0.01 during trading hours on Friday, reaching $10.35. The company’s stock had a trading volume of 1,066 shares, compared to its average volume of 32,204. The firm has a 50-day simple moving average of $10.33 and a 200-day simple moving average of $10.25. Spark I Acquisition has a 1 year low of $10.07 and a 1 year high of $11.35.

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.