Spark I Acquisition Co. (NASDAQ:SPKL) Sees Significant Decline in Short Interest

Spark I Acquisition Co. (NASDAQ:SPKL - Get Free Report) was the recipient of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 1,800 shares, a decrease of 30.8% from the March 15th total of 2,600 shares. Currently, 0.0% of the company's shares are short sold. Based on an average daily trading volume, of 11,800 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Spark I Acquisition

Hedge funds have recently modified their holdings of the stock. Bulldog Investors LLP raised its stake in Spark I Acquisition by 46.6% during the fourth quarter. Bulldog Investors LLP now owns 149,734 shares of the company's stock worth $1,593,000 after purchasing an additional 47,616 shares during the period. Mizuho Securities USA LLC acquired a new stake in shares of Spark I Acquisition during the 4th quarter worth $1,616,000. D. E. Shaw & Co. Inc. raised its position in shares of 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 during the period. Wolverine Asset Management LLC boosted its holdings in Spark I Acquisition by 19.5% in the fourth quarter. Wolverine Asset Management LLC now owns 475,875 shares of the company's stock valued at $5,063,000 after acquiring an additional 77,581 shares during the last quarter. Finally, Toronto Dominion Bank purchased a new stake in Spark I Acquisition during the fourth quarter valued at about $5,320,000. 34.90% of the stock is owned by institutional investors and hedge funds.

Spark I Acquisition Stock Up 0.3 %

SPKL traded up $0.04 during midday trading on Wednesday, hitting $10.84. The company's stock had a trading volume of 1,445 shares, compared to its average volume of 26,974. Spark I Acquisition has a 52-week low of $10.28 and a 52-week high of $11.95. The firm has a 50-day moving average price of $10.77 and a two-hundred day moving average price of $10.66.

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.