Short Interest in Spark I Acquisition Co. (NASDAQ:SPKL) Expands By 266.7%

Spark I Acquisition Co. (NASDAQ:SPKL - Get Free Report) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 7,700 shares, a growth of 266.7% from the April 30th total of 2,100 shares. Approximately 0.1% of the company's shares are short sold. Based on an average daily volume of 16,600 shares, the short-interest ratio is currently 0.5 days.

Spark I Acquisition Trading Up 0.2%

Shares of SPKL traded up $0.02 on Monday, reaching $10.87. 85,102 shares of the company's stock were exchanged, compared to its average volume of 29,565. Spark I Acquisition has a 12 month low of $10.28 and a 12 month high of $11.95. The business has a 50 day moving average price of $10.83 and a two-hundred day moving average price of $10.72.

Institutional Trading of Spark I Acquisition

Institutional investors and hedge funds have recently modified their holdings of the stock. Bulldog Investors LLP boosted its position 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 in the last quarter. Mizuho Securities USA LLC bought a new position in Spark I Acquisition during the fourth quarter worth about $1,616,000. D. E. Shaw & Co. Inc. grew its stake in Spark I Acquisition by 12.1% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 175,145 shares of the company's stock valued at $1,864,000 after acquiring an additional 18,952 shares during the period. Wolverine Asset Management LLC increased its holdings in shares of Spark I Acquisition by 19.5% in the fourth quarter. Wolverine Asset Management LLC now owns 475,875 shares of the company's stock worth $5,063,000 after acquiring an additional 77,581 shares in the last quarter. Finally, Toronto Dominion Bank acquired a new stake in shares of Spark I Acquisition during the fourth quarter worth about $5,320,000. 34.90% of the stock is owned by institutional investors.

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.