Short Interest in Spark I Acquisition Co. (NASDAQ:SPKLU) Expands By 32,750.0%

Spark I Acquisition Co. (NASDAQ:SPKLU) was the recipient of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 657 shares, a growth of 32,750.0% from the April 30th total of 2 shares. Based on an average trading volume of 211 shares, the short-interest ratio is presently 3.1 days.

Institutional Trading of Spark I Acquisition

An institutional investor recently bought a new position in Spark I Acquisition stock. Clear Street Group Inc. purchased a new stake in Spark I Acquisition Co. (NASDAQ:SPKLU) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 17,973 shares of the company’s stock, valued at approximately $193,000.

Wall Street Analysts Forecast Growth

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

Spark I Acquisition Stock Performance

Spark I Acquisition stock remained flat at $12.55 during mid-day trading on Wednesday. The company had a trading volume of 435 shares, compared to its average volume of 1,087. The business has a 50 day simple moving average of $11.90 and a two-hundred day simple moving average of $11.67. Spark I Acquisition has a 1-year low of $11.32 and a 1-year high of $15.50.

Spark I Acquisition Company Profile

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.