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

Spark I Acquisition Co. (NASDAQ:SPKL) was the recipient of a significant increase in short interest during 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. Based on an average trading volume of 18,700 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Hedge Funds Weigh In On Spark I Acquisition

Several large investors have recently added to or reduced their stakes in the business. Toronto Dominion Bank purchased a new position in shares of Spark I Acquisition during the 4th quarter worth about $5,320,000. Mizuho Securities USA LLC acquired a new position in Spark I Acquisition during the fourth quarter worth approximately $1,616,000. Wolverine Asset Management LLC raised its stake in 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. Bulldog Investors LLP boosted its holdings in shares of Spark I Acquisition by 46.6% in the 4th quarter. Bulldog Investors LLP now owns 149,734 shares of the company’s stock valued at $1,593,000 after purchasing an additional 47,616 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. grew its stake in shares of Spark I Acquisition by 12.1% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 175,145 shares of the company’s stock valued at $1,864,000 after buying an additional 18,952 shares during the period. 34.90% of the stock is currently owned by hedge funds and other institutional investors.

Spark I Acquisition Trading Up 0.4 %

Shares of SPKL opened at $10.76 on Wednesday. Spark I Acquisition has a fifty-two week low of $10.26 and a fifty-two week high of $11.95. The stock has a fifty day moving average of $10.71 and a two-hundred day moving average of $10.60.

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.