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

Spark I Acquisition Corporation (NASDAQ:SPKL) saw a large drop in short interest in February. As of February 27th, there was short interest totaling 234 shares, a drop of 54.6% from the February 12th total of 515 shares. Based on an average daily volume of 476 shares, the short-interest ratio is currently 0.5 days. Approximately 0.0% of the company’s stock are short sold. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 476 shares, the short-interest ratio is currently 0.5 days.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Spark I Acquisition

A number of institutional investors have recently made changes to their positions in SPKL. Clear Street Group Inc. bought a new stake in Spark I Acquisition during the 3rd quarter valued at approximately $323,000. Radcliffe Capital Management L.P. acquired a new position in shares of Spark I Acquisition during the second quarter worth approximately $531,000. StoneX Group Inc. bought a new stake in shares of Spark I Acquisition in the second quarter valued at approximately $700,000. Berkley W R Corp acquired a new stake in shares of Spark I Acquisition in the fourth quarter worth $749,000. Finally, Alberta Investment Management Corp acquired a new stake in shares of Spark I Acquisition in the second quarter worth $1,635,000. 34.90% of the stock is currently owned by institutional investors.

Spark I Acquisition Stock Down 1.3%

SPKL traded down $0.15 on Friday, hitting $11.20. The company had a trading volume of 1,394 shares, compared to its average volume of 657. The company’s fifty day moving average price is $11.33 and its 200 day moving average price is $11.32. Spark I Acquisition has a 1-year low of $10.71 and a 1-year high of $12.01.

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.