Spark I Acquisition Corporation (NASDAQ:SPKL) Short Interest Update

Spark I Acquisition Corporation (NASDAQ:SPKL - Get Free Report) saw a significant 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. Based on an average daily volume of 60,400 shares, the short-interest ratio is currently 0.1 days. Currently,0.1% of the shares of the stock are short sold. Currently,0.1% of the shares of the stock are short sold. Based on an average daily volume of 60,400 shares, the short-interest ratio is currently 0.1 days.

Spark I Acquisition Trading Down 0.5%

SPKL stock traded down $0.0550 during mid-day trading on Friday, reaching $10.9450. 205 shares of the stock traded hands, compared to its average volume of 35,864. Spark I Acquisition has a one year low of $10.44 and a one year high of $11.95. The business has a 50-day moving average price of $10.94 and a two-hundred day moving average price of $10.84.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SPKL. Bulldog Investors LLP grew its holdings in shares of Spark I Acquisition by 46.6% in 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 during the last quarter. D. E. Shaw & Co. Inc. grew its holdings in shares of 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 worth $1,864,000 after purchasing an additional 18,952 shares during the last quarter. Toronto Dominion Bank bought a new position in shares of Spark I Acquisition in the fourth quarter worth about $5,320,000. Wolverine Asset Management LLC grew its holdings in shares of Spark I Acquisition by 43.4% in the first quarter. Wolverine Asset Management LLC now owns 682,588 shares of the company's stock worth $7,379,000 after purchasing an additional 206,713 shares during the last quarter. Finally, Mizuho Securities USA LLC grew its holdings in shares of Spark I Acquisition by 137.4% in the first quarter. Mizuho Securities USA LLC now owns 362,265 shares of the company's stock worth $3,876,000 after purchasing an additional 209,642 shares during the last quarter. Institutional investors 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.