Spark I Acquisition Co. (NASDAQ:SPKL) Short Interest Up 83.3% in April

Spark I Acquisition Co. (NASDAQ:SPKL - Get Free Report) saw a significant increase in short interest in April. As of April 15th, there was short interest totalling 3,300 shares, an increase of 83.3% from the March 31st total of 1,800 shares. Based on an average daily volume of 11,800 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the shares of the stock are short sold.

Spark I Acquisition Trading Up 0.0 %

Shares of Spark I Acquisition stock traded up $0.01 during trading hours on Friday, reaching $10.83. 871 shares of the company's stock were exchanged, compared to its average volume of 18,622. Spark I Acquisition has a 52-week low of $10.28 and a 52-week high of $11.95. The company has a fifty day moving average of $10.78 and a 200-day moving average of $10.67.

Hedge Funds Weigh In On Spark I Acquisition

Several hedge funds and other institutional investors have recently made changes to their positions in the business. 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 stake in Spark I Acquisition during the 4th quarter valued at approximately $1,616,000. D. E. Shaw & Co. Inc. increased its holdings in 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 worth $1,864,000 after purchasing an additional 18,952 shares during the last quarter. Wolverine Asset Management LLC raised its position in shares of Spark I Acquisition by 19.5% in the 4th quarter. Wolverine Asset Management LLC now owns 475,875 shares of the company's stock valued at $5,063,000 after purchasing an additional 77,581 shares in the last quarter. Finally, Toronto Dominion Bank purchased a new position in shares of Spark I Acquisition during the 4th quarter valued at approximately $5,320,000. Institutional investors and hedge funds own 34.90% of the company's stock.

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.