Spark I Acquisition Co. (NASDAQ:SPKLW) Sees Significant Growth in Short Interest

Spark I Acquisition Co. (NASDAQ:SPKLW) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totaling 1,120 shares, an increase of 53.4% from the December 15th total of 730 shares. Based on an average daily volume of 10,858 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 10,858 shares, the days-to-cover ratio is presently 0.1 days.

Spark I Acquisition Price Performance

NASDAQ:SPKLW traded down $0.03 on Friday, reaching $0.35. The stock had a trading volume of 19,600 shares, compared to its average volume of 9,860. Spark I Acquisition has a 12-month low of $0.11 and a 12-month high of $0.70. The firm’s fifty day moving average is $0.33 and its two-hundred day moving average is $0.34.

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.