Spark I Acquisition Co. (NASDAQ:SPKLU) Short Interest Down 99.7% in June

Spark I Acquisition Co. (NASDAQ:SPKLUGet Free Report) was the target of a large decline in short interest in June. As of June 30th, there was short interest totaling 1 shares, a decline of 99.7% from the June 15th total of 293 shares. Based on an average daily trading volume, of 2,268 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Spark I Acquisition in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Check Out Our Latest Analysis on Spark I Acquisition

Institutional Trading of Spark I Acquisition

A hedge fund recently bought a new stake in Spark I Acquisition stock. Clear Street Group Inc. bought a new stake in shares of Spark I Acquisition Co. (NASDAQ:SPKLUFree Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 17,973 shares of the company’s stock, valued at approximately $193,000.

Spark I Acquisition Stock Performance

NASDAQ SPKLU remained flat at $13.00 during trading hours on Friday. Spark I Acquisition has a 52-week low of $11.32 and a 52-week high of $17.70. The business has a 50 day moving average of $12.78 and a two-hundred day moving average of $12.15.

Spark I Acquisition Company Profile

(Get Free Report)

Spark I Acquisition Corp. is a special purpose acquisition company (SPAC) formed to effectuate a merger, capital stock exchange, asset acquisition or similar business combination with one or more businesses. The company executed its initial public offering in late 2020 under the ticker SPKLU on the Nasdaq Stock Market. As a blank-check vehicle, Spark I Acquisition does not currently conduct operations of its own but seeks to identify and combine with a target company that offers substantial growth potential and strategic alignment with its investment criteria.

The SPAC is sponsored by Spark Impact, an asset management and investment firm known for integrating environmental, social and governance (ESG) principles into its investment process.

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