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

Spark I Acquisition Corporation (NASDAQ:SPKL) was the target of a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 515 shares, a growth of 409.9% from the January 29th total of 101 shares. Based on an average trading volume of 732 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 732 shares, the days-to-cover ratio is currently 0.7 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Spark I Acquisition in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Spark I Acquisition has an average rating of “Sell”.

Spark I Acquisition Trading Down 0.6%

SPKL traded down $0.07 on Wednesday, reaching $11.31. The company’s stock had a trading volume of 1,965 shares, compared to its average volume of 687. Spark I Acquisition has a 1 year low of $10.71 and a 1 year high of $12.01. The business’s 50 day moving average is $11.31 and its 200 day moving average is $11.29.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of SPKL. Wolverine Asset Management LLC increased its holdings in shares of Spark I Acquisition by 32.2% in the 2nd quarter. Wolverine Asset Management LLC now owns 902,388 shares of the company’s stock valued at $9,836,000 after acquiring an additional 219,800 shares during the last quarter. Berkley W R Corp increased its stake in Spark I Acquisition by 558.6% during the second quarter. Berkley W R Corp now owns 983,347 shares of the company’s stock valued at $10,718,000 after purchasing an additional 834,049 shares during the last quarter. Alberta Investment Management Corp acquired a new stake in shares of Spark I Acquisition during the second quarter worth $1,635,000. StoneX Group Inc. acquired a new stake in shares of Spark I Acquisition during the second quarter worth $700,000. Finally, Radcliffe Capital Management L.P. bought a new position in shares of Spark I Acquisition in the 2nd quarter worth about $531,000. Institutional investors own 34.90% of the company’s stock.

Spark I Acquisition Company Profile

Spark I Acquisition Corp. is a Delaware-incorporated special purpose acquisition company (SPAC) listed on the NASDAQ under the ticker SPKL. Formed in 2020, the company has no commercial operations of its own and was established to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As a blank check company, Spark I Acquisition holds funds in trust until it identifies and completes a business combination target.

The company’s primary focus is on identifying high-growth businesses, with an emphasis on sectors such as technology, industrials and consumer products.