Spark I Acquisition Co. (NASDAQ:SPKL) Short Interest Down 33.3% in July

Posted by Doug Madison on Jul 30th, 2024

Spark I Acquisition Co. (NASDAQ:SPKL – Get Free Report) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totalling 1,600 shares, a drop of 33.3% from the June 30th total of 2,400 shares. Based on an average trading volume of 34,900 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in Spark I Acquisition in the 4th quarter worth about $257,000. ATW Spac Management LLC purchased a new position in shares of Spark I Acquisition during the fourth quarter worth approximately $341,000. Bulldog Investors LLP purchased a new position in shares of Spark I Acquisition during the fourth quarter worth approximately $492,000. Cohanzick Management LLC purchased a new position in shares of Spark I Acquisition during the fourth quarter worth approximately $760,000. Finally, Cowen AND Company LLC purchased a new position in shares of Spark I Acquisition during the fourth quarter worth approximately $879,000. Institutional investors own 34.90% of the company’s stock.

Spark I Acquisition Stock Performance

Shares of NASDAQ:SPKL remained flat at $10.41 during trading on Monday. 91 shares of the company were exchanged, compared to its average volume of 29,721. Spark I Acquisition has a 1 year low of $10.07 and a 1 year high of $11.35. The company’s 50 day moving average price is $10.36 and its 200 day moving average price is $10.29.

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.