Short Interest in Spark I Acquisition Co. (NASDAQ:SPKL) Decreases By 28.1%

Spark I Acquisition Co. (NASDAQ:SPKL) was the recipient of a large decrease in short interest in February. As of February 15th, there was short interest totalling 2,300 shares, a decrease of 28.1% from the January 31st total of 3,200 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 19,200 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Spark I Acquisition

Large investors have recently bought and sold shares of the stock. Bulldog Investors LLP raised its holdings in shares of Spark I Acquisition by 46.6% during the fourth 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 period. Mizuho Securities USA LLC acquired a new position in Spark I Acquisition during the 4th quarter worth approximately $1,616,000. D. E. Shaw & Co. Inc. raised its stake 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 worth $1,864,000 after buying an additional 18,952 shares during the period. Wolverine Asset Management LLC acquired a new stake in Spark I Acquisition in the third quarter valued at approximately $4,177,000. Finally, Toronto Dominion Bank bought a new stake in shares of Spark I Acquisition during the fourth quarter valued at approximately $5,320,000. 34.90% of the stock is currently owned by institutional investors and hedge funds.

Spark I Acquisition Price Performance

Shares of SPKL stock opened at $10.74 on Tuesday. The firm has a 50 day moving average of $10.68 and a 200-day moving average of $10.58. Spark I Acquisition has a 52 week low of $10.24 and a 52 week high of $11.95.

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.