Spark I Acquisition Corporation (NASDAQ:SPKL - Get Free Report) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totaling 10,500 shares, anincreaseof275.0% from the June 30th total of 2,800 shares. Currently,0.2% of the company's stock are short sold. Based on an average daily volume of 64,200 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 64,200 shares, the short-interest ratio is presently 0.2 days. Currently,0.2% of the company's stock are short sold.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the company. Toronto Dominion Bank acquired a new stake in Spark I Acquisition during the fourth quarter worth approximately $5,320,000. Bulldog Investors LLP boosted its holdings in shares of Spark I Acquisition by 46.6% in the 4th quarter. Bulldog Investors LLP now owns 149,734 shares of the company's stock valued at $1,593,000 after purchasing an additional 47,616 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in shares of Spark I Acquisition by 12.1% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 175,145 shares of the company's stock valued at $1,864,000 after purchasing an additional 18,952 shares during the last quarter. Mizuho Securities USA LLC boosted its holdings in shares of Spark I Acquisition by 137.4% in the 1st quarter. Mizuho Securities USA LLC now owns 362,265 shares of the company's stock valued at $3,876,000 after purchasing an additional 209,642 shares during the last quarter. Finally, Wolverine Asset Management LLC boosted its holdings in shares of Spark I Acquisition by 43.4% in the 1st quarter. Wolverine Asset Management LLC now owns 682,588 shares of the company's stock valued at $7,379,000 after purchasing an additional 206,713 shares during the last quarter. 34.90% of the stock is owned by hedge funds and other institutional investors.
Spark I Acquisition Stock Performance
NASDAQ SPKL traded down $0.05 during trading hours on Friday, hitting $10.96. The company had a trading volume of 210 shares, compared to its average volume of 16,455. Spark I Acquisition has a 1-year low of $10.41 and a 1-year high of $11.95. The business has a 50 day moving average of $10.91 and a 200-day moving average of $10.82.
Spark I Acquisition Company Profile
(
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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.
Further Reading
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