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

Spark I Acquisition Corporation (NASDAQ:SPKL) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 744 shares, an increase of 262.9% from the March 15th total of 205 shares. Based on an average trading volume of 2,681 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the shares of the company are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Spark I Acquisition in a research report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SPKL. Berkley W R Corp lifted its holdings in shares of Spark I Acquisition by 558.6% in 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 in the last quarter. Radcliffe Capital Management L.P. purchased a new stake in shares of Spark I Acquisition in the second quarter valued at about $531,000. Finally, Clear Street Group Inc. purchased a new stake in shares of Spark I Acquisition in the third quarter valued at about $323,000. 34.90% of the stock is currently owned by institutional investors and hedge funds.

Spark I Acquisition Trading Up 0.3%

NASDAQ SPKL traded up $0.03 during trading on Friday, reaching $11.36. The company’s stock had a trading volume of 443 shares, compared to its average volume of 2,386. Spark I Acquisition has a twelve month low of $10.77 and a twelve month high of $12.01. The business’s fifty day moving average price is $11.33 and its 200-day moving average price is $11.36.

Spark I Acquisition (NASDAQ:SPKL) last issued its earnings results on Monday, March 30th. The company reported ($0.01) earnings per share for the quarter.

About Spark I Acquisition

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.