Spark I Acquisition Co. (NASDAQ:SPKL) Short Interest Up 53.3% in September

Spark I Acquisition Co. (NASDAQ:SPKL) saw a significant growth in short interest in September. As of September 15th, there was short interest totalling 2,300 shares, a growth of 53.3% from the August 31st total of 1,500 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 27,800 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Spark I Acquisition

Institutional investors and hedge funds have recently bought and sold shares of the stock. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in Spark I Acquisition during the fourth quarter valued at $257,000. ATW Spac Management LLC purchased a new position in shares of Spark I Acquisition in the fourth quarter valued at about $341,000. Bulldog Investors LLP purchased a new position in shares of Spark I Acquisition in the fourth quarter valued at about $492,000. Cohanzick Management LLC purchased a new position in shares of Spark I Acquisition in the fourth quarter valued at about $760,000. Finally, K2 Principal Fund L.P. purchased a new position in shares of Spark I Acquisition in the fourth quarter valued at about $1,195,000. 34.90% of the stock is currently owned by hedge funds and other institutional investors.

Spark I Acquisition Stock Performance

NASDAQ SPKL opened at $10.48 on Friday. The business’s fifty day moving average is $10.45 and its 200 day moving average is $10.37. Spark I Acquisition has a fifty-two week low of $10.07 and a fifty-two week high of $11.35.

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.