Spark I Acquisition Co. (NASDAQ:SPKLU – Get Free Report) was the target of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 1 shares, a decline of 99.7% from the June 15th total of 293 shares. Based on an average trading volume of 2,268 shares, the short-interest ratio is currently 0.0 days.
Spark I Acquisition Price Performance
NASDAQ:SPKLU remained flat at $13.00 on Friday. The firm’s fifty day moving average price is $12.78 and its two-hundred day moving average price is $12.15. Spark I Acquisition has a 52-week low of $11.32 and a 52-week high of $17.70.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Spark I Acquisition in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Spark I Acquisition stock. Clear Street Group Inc. bought a new position in shares of Spark I Acquisition Co. (NASDAQ:SPKLU – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 17,973 shares of the company’s stock, valued at approximately $193,000.
About Spark I Acquisition
Spark I Acquisition Corp. is a special purpose acquisition company (SPAC) formed to effectuate a merger, capital stock exchange, asset acquisition or similar business combination with one or more businesses. The company executed its initial public offering in late 2020 under the ticker SPKLU on the Nasdaq Stock Market. As a blank-check vehicle, Spark I Acquisition does not currently conduct operations of its own but seeks to identify and combine with a target company that offers substantial growth potential and strategic alignment with its investment criteria.
The SPAC is sponsored by Spark Impact, an asset management and investment firm known for integrating environmental, social and governance (ESG) principles into its investment process.
See Also
- Five stocks we like better than Spark I Acquisition
- 3 Rare-Earth ETFs That Help Investors Balance Exposure and Risk
- Microsoft Bets on In-House AI to Cut OpenAI and Anthropic Costs
- Delta Air Lines Lives Up to Its Claims: Shares Can Keep Climbing
- This Dividend ETF Choice Could Shape Your Income Strategy Through 2026
Receive News & Ratings for Spark I Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spark I Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.
