Free Trial

Spark I Acquisition Corporation (NASDAQ:SPKL) Sees Significant Increase in Short Interest

Spark I Acquisition logo with Financial Services background

Key Points

  • Spark I Acquisition Corporation experienced a remarkable 275.0% increase in short interest during July, with total short interest rising from 2,800 shares to 10,500 shares as of July 15th.
  • Approximately 0.2% of SPKL's shares are currently short sold, reflecting a days-to-cover ratio of 0.2 days based on an average daily trading volume of 64,200 shares.
  • Institutional investors hold 34.90% of Spark I Acquisition's stock, with significant stake increases from firms like Bulldog Investors LLP and Mizuho Securities USA LLC in recent quarters.
  • MarketBeat previews the top five stocks to own by September 1st.

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

(Get Free Report)

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

Should You Invest $1,000 in Spark I Acquisition Right Now?

Before you consider Spark I Acquisition, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Spark I Acquisition wasn't on the list.

While Spark I Acquisition currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Reduce the Risk Cover

Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Palantir & AMD Earnings: Massive Options Setups Ahead
3 Value Plays Set to Explode
5 Stocks to BUY NOW in August 2025

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines