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

Key Points

• Spark I Acquisition Corporation experienced a dramatic increase in short interest, rising by 636.8% in September, bringing the total to 14,000 shares shorted.
• The stock is trading down 1.5%, reaching a price of $11.50, with an average trading volume of 206 shares on a typical volume of 31,402 shares.
• Analysts currently have an average rating of "Sell" for Spark I Acquisition, with Weiss Ratings reiterating a "sell (d)" rating in October.

Spark I Acquisition Corporation (NASDAQ:SPKL - Get Free Report) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 14,000 shares, an increase of 636.8% from the September 15th total of 1,900 shares. Based on an average daily volume of 11,300 shares, the short-interest ratio is presently 1.2 days. Currently, 0.2% of the company's shares are short sold. Currently, 0.2% of the company's shares are short sold. Based on an average daily volume of 11,300 shares, the short-interest ratio is presently 1.2 days.

Spark I Acquisition Trading Down 1.5%

NASDAQ:SPKL traded down $0.17 during trading hours on Friday, reaching $11.50. The company had a trading volume of 206 shares, compared to its average volume of 31,402. Spark I Acquisition has a 1-year low of $10.51 and a 1-year high of $12.01. The business's 50 day moving average price is $11.26 and its 200-day moving average price is $11.01.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a "sell (d)" rating on shares of Spark I Acquisition in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of "Sell".

Institutional Trading of Spark I Acquisition

A number of institutional investors and hedge funds have recently made changes to their positions in SPKL. Berkley W R Corp increased its position in shares of Spark I Acquisition by 558.6% during the second quarter. Berkley W R Corp now owns 983,347 shares of the company's stock worth $10,718,000 after purchasing an additional 834,049 shares in the last quarter. Wolverine Asset Management LLC increased its position in shares of Spark I Acquisition by 32.2% during the second quarter. Wolverine Asset Management LLC now owns 902,388 shares of the company's stock worth $9,836,000 after purchasing an additional 219,800 shares in the last quarter. Mizuho Securities USA LLC increased its position in shares of Spark I Acquisition by 137.4% during 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 in the last quarter. Alberta Investment Management Corp purchased a new stake in shares of Spark I Acquisition during the second quarter worth approximately $1,635,000. Finally, StoneX Group Inc. purchased a new stake in shares of Spark I Acquisition during the second quarter worth approximately $700,000. 34.90% of the stock is currently owned by hedge funds and other 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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