Spark I Acquisition Co. (NASDAQ:SPKL) Short Interest Up 53.3% in September

Spark I Acquisition Co. (NASDAQ:SPKL) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 2,300 shares, an increase of 53.3% from the August 31st total of 1,500 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 27,800 shares, the short-interest ratio is presently 0.1 days.

Spark I Acquisition Stock Down 0.2 %

Shares of SPKL stock traded down $0.02 on Friday, hitting $10.48. 2,596 shares of the stock traded hands, compared to its average volume of 8,687. The firm has a 50 day simple moving average of $10.45 and a two-hundred day simple moving average of $10.36. Spark I Acquisition has a 52 week low of $10.07 and a 52 week high of $11.35.

Institutional Investors Weigh In On Spark I Acquisition

A number of institutional investors and hedge funds have recently bought and sold shares of the business. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in shares of Spark I Acquisition in the fourth quarter worth about $257,000. Wealthspring Capital LLC increased its stake in Spark I Acquisition by 33.4% in the 1st quarter. Wealthspring Capital LLC now owns 133,378 shares of the company’s stock worth $1,368,000 after acquiring an additional 33,378 shares during the last quarter. ATW Spac Management LLC purchased a new stake in shares of Spark I Acquisition during the 4th quarter worth approximately $341,000. Bulldog Investors LLP purchased a new stake in Spark I Acquisition during the fourth quarter valued at $492,000. Finally, Cohanzick Management LLC purchased a new stake in shares of Spark I Acquisition during the 4th quarter valued at about $760,000. 34.90% of the stock is owned by institutional investors.

About Spark I Acquisition

Spark I Acquisition Corporation does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar combination with one or more businesses or assets. The company was incorporated in 2021 and is based in Palo Alto, California.