Spark I Acquisition Co. (NASDAQ:SPKLU – Get Free Report) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 229 shares, a decline of 65.1% from the May 14th total of 657 shares. Based on an average trading volume of 615 shares, the short-interest ratio is currently 0.4 days.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Spark I Acquisition in a report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.
Get Our Latest Stock Analysis on SPKLU
Institutional Inflows and Outflows
Spark I Acquisition Price Performance
SPKLU opened at $14.03 on Friday. The firm has a 50 day moving average price of $12.20 and a 200-day moving average price of $11.87. Spark I Acquisition has a twelve month low of $11.32 and a twelve month high of $17.70.
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.
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