Short Interest in Spark I Acquisition Co. (NASDAQ:SPKL) Expands By 17.4%

Spark I Acquisition Co. (NASDAQ:SPKL) was the recipient of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 2,700 shares, an increase of 17.4% from the February 13th total of 2,300 shares. Based on an average daily trading volume, of 18,700 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Spark I Acquisition Stock Performance

Spark I Acquisition stock opened at $10.74 on Thursday. Spark I Acquisition has a 12 month low of $10.26 and a 12 month high of $11.95. The stock’s 50 day simple moving average is $10.71 and its two-hundred day simple moving average is $10.60.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Toronto Dominion Bank acquired a new position in shares of Spark I Acquisition during the 4th quarter worth approximately $5,320,000. Wolverine Asset Management LLC raised its stake in shares of Spark I Acquisition by 19.5% during the 4th quarter. Wolverine Asset Management LLC now owns 475,875 shares of the company’s stock worth $5,063,000 after buying an additional 77,581 shares during the period. D. E. Shaw & Co. Inc. raised its stake in shares of Spark I Acquisition by 12.1% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 175,145 shares of the company’s stock worth $1,864,000 after buying an additional 18,952 shares during the period. Mizuho Securities USA LLC acquired a new position in shares of Spark I Acquisition during the 4th quarter worth approximately $1,616,000. Finally, Bulldog Investors LLP raised its stake in shares of Spark I Acquisition by 46.6% during the 4th quarter. Bulldog Investors LLP now owns 149,734 shares of the company’s stock worth $1,593,000 after buying an additional 47,616 shares during the period. 34.90% of the stock is owned by institutional investors and hedge funds.

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.