Spark I Acquisition Co. (NASDAQ:SPKL - Get Free Report) was the recipient of a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 2,300 shares, a decrease of 28.1% from the January 31st total of 3,200 shares. Currently, 0.0% of the company's stock are short sold. Based on an average daily volume of 19,200 shares, the short-interest ratio is currently 0.1 days.
Spark I Acquisition Stock Performance
Spark I Acquisition stock remained flat at $10.74 during trading on Monday. 11,100 shares of the company were exchanged, compared to its average volume of 30,418. The business's 50-day simple moving average is $10.68 and its 200-day simple moving average is $10.58. Spark I Acquisition has a 12-month low of $10.24 and a 12-month high of $11.95.
Hedge Funds Weigh In On Spark I Acquisition
Institutional investors have recently added to or reduced their stakes in the company. Bulldog Investors LLP lifted its holdings in Spark I Acquisition by 46.6% in the 4th quarter. Bulldog Investors LLP now owns 149,734 shares of the company's stock worth $1,593,000 after buying an additional 47,616 shares in the last quarter. Mizuho Securities USA LLC acquired a new position in Spark I Acquisition in the 4th quarter worth $1,616,000. D. E. Shaw & Co. Inc. lifted its holdings in Spark I Acquisition by 12.1% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 175,145 shares of the company's stock worth $1,864,000 after buying an additional 18,952 shares in the last quarter. Wolverine Asset Management LLC acquired a new position in Spark I Acquisition in the 3rd quarter worth $4,177,000. Finally, Toronto Dominion Bank acquired a new position in Spark I Acquisition in the 4th quarter worth $5,320,000. Institutional investors and hedge funds own 34.90% of the company's stock.
Spark I Acquisition Company Profile
(
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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.
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