Spark I Acquisition Co. (NASDAQ:SPKL) Short Interest Up 17.4% in October

Spark I Acquisition Co. (NASDAQ:SPKL - Get Free Report) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 2,700 shares, an increase of 17.4% from the September 30th total of 2,300 shares. Based on an average daily volume of 29,600 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company's shares are sold short.

Spark I Acquisition Price Performance

Shares of NASDAQ:SPKL traded down $0.04 during midday trading on Monday, reaching $10.54. The company's stock had a trading volume of 15,000 shares, compared to its average volume of 32,445. The business has a 50 day moving average price of $10.49 and a 200 day moving average price of $10.40. Spark I Acquisition has a 1 year low of $10.07 and a 1 year high of $11.57.

Institutional Trading of Spark I Acquisition

An institutional investor recently bought a new position in Spark I Acquisition stock. Periscope Capital Inc. purchased a new position in shares of Spark I Acquisition Co. (NASDAQ:SPKL - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 417,200 shares of the company's stock, valued at approximately $4,280,000. Spark I Acquisition comprises 1.1% of Periscope Capital Inc.'s investment portfolio, making the stock its 27th largest holding. Periscope Capital Inc. owned 2.54% of Spark I Acquisition at the end of the most recent reporting period. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.