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

Spark I Acquisition Co. (NASDAQ:SPKLU) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 800 shares, a growth of 33.3% from the August 15th total of 600 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 5,800 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Spark I Acquisition

A hedge fund recently bought a new stake in Spark I Acquisition stock. MMCAP International Inc. SPC bought a new position in Spark I Acquisition Co. (NASDAQ:SPKLU) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 350,000 shares of the company’s stock, valued at approximately $3,570,000. Spark I Acquisition accounts for 0.7% of MMCAP International Inc. SPC’s investment portfolio, making the stock its 19th largest holding.

Spark I Acquisition Stock Down 0.2 %

Spark I Acquisition stock traded down $0.02 during midday trading on Monday, hitting $10.50. 3,000 shares of the stock were exchanged, compared to its average volume of 9,998. Spark I Acquisition has a 52 week low of $10.08 and a 52 week high of $12.30. The company has a fifty day simple moving average of $10.47 and a two-hundred day simple moving average of $10.54.

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.