Spark I Acquisition Corporation (NASDAQ:SPKL) Short Interest Down 47.6% in July

Spark I Acquisition Corporation (NASDAQ:SPKL - Get Free Report) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 5,500 shares, adeclineof47.6% from the July 15th total of 10,500 shares. Currently,0.1% of the company's shares are sold short. Based on an average trading volume of 60,400 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 60,400 shares, the days-to-cover ratio is currently 0.1 days. Currently,0.1% of the company's shares are sold short.

Spark I Acquisition Trading Down 0.3%

NASDAQ:SPKL opened at $10.97 on Monday. The company has a fifty day moving average of $10.93 and a 200 day moving average of $10.84. Spark I Acquisition has a 52 week low of $10.44 and a 52 week high of $11.95.

Institutional Investors Weigh In On Spark I Acquisition

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SPKL. Radcliffe Capital Management L.P. bought a new stake in Spark I Acquisition during the 2nd quarter valued at $531,000. StoneX Group Inc. bought a new stake in Spark I Acquisition during the 2nd quarter valued at $700,000. Bulldog Investors LLP raised its holdings in Spark I Acquisition by 46.6% during the 4th quarter. Bulldog Investors LLP now owns 149,734 shares of the company's stock valued at $1,593,000 after buying an additional 47,616 shares during the last quarter. Alberta Investment Management Corp bought a new stake in Spark I Acquisition during the 2nd quarter valued at $1,635,000. Finally, D. E. Shaw & Co. Inc. raised 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 valued at $1,864,000 after buying an additional 18,952 shares during the last quarter. 34.90% of the stock is currently 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.

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