Spark I Acquisition Co. (NASDAQ:SPKL - Get Free Report) was the recipient of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 2,700 shares, an increase of 17.4% from the February 13th total of 2,300 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 18,700 shares, the days-to-cover ratio is currently 0.1 days.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of SPKL. Bulldog Investors LLP increased its holdings in shares of 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 bought a new position in shares of Spark I Acquisition during the fourth quarter worth approximately $1,616,000. D. E. Shaw & Co. Inc. increased its holdings in shares of Spark I Acquisition by 12.1% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 175,145 shares of the company's stock worth $1,864,000 after purchasing an additional 18,952 shares during the period. Wolverine Asset Management LLC increased its holdings in shares of Spark I Acquisition by 19.5% during the fourth quarter. Wolverine Asset Management LLC now owns 475,875 shares of the company's stock worth $5,063,000 after purchasing an additional 77,581 shares during the period. Finally, Toronto Dominion Bank bought a new position in shares of Spark I Acquisition during the fourth quarter worth approximately $5,320,000. 34.90% of the stock is owned by institutional investors.
Spark I Acquisition Stock Up 0.1 %
Spark I Acquisition stock traded up $0.01 during trading hours on Friday, hitting $10.76. The company had a trading volume of 933 shares, compared to its average volume of 30,472. Spark I Acquisition has a one year low of $10.26 and a one year high of $11.95. The firm has a 50-day moving average of $10.72 and a 200 day moving average of $10.61.
About Spark I Acquisition
(
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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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