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

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

Spark I Acquisition Stock Up 0.1 %

Shares of Spark I Acquisition stock traded up $0.01 on Friday, hitting $10.41. The stock had a trading volume of 4,973 shares, compared to its average volume of 6,767. The company’s 50 day moving average price is $10.36 and its 200 day moving average price is $10.29. Spark I Acquisition has a 52-week low of $10.07 and a 52-week high of $11.35.

Institutional Investors Weigh In On Spark I Acquisition

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

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.