Short Interest in Spark I Acquisition Co. (NASDAQ:SPKL) Expands By 113.8%

Spark I Acquisition Co. (NASDAQ:SPKL) was the target of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 6,200 shares, an increase of 113.8% from the February 29th total of 2,900 shares. Based on an average daily trading volume, of 13,200 shares, the short-interest ratio is currently 0.5 days.

Spark I Acquisition Stock Performance

Shares of SPKL remained flat at $10.27 during trading hours on Thursday. The stock had a trading volume of 57,742 shares, compared to its average volume of 6,734. Spark I Acquisition has a 1 year low of $10.07 and a 1 year high of $10.27. The company has a 50-day moving average of $10.23.

Institutional Trading of Spark I Acquisition

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Berkley W R Corp purchased a new position in shares of Spark I Acquisition in the fourth quarter worth $250,000. Gabelli Funds LLC purchased a new position in shares of Spark I Acquisition in the fourth quarter valued at about $250,000. Mint Tower Capital Management B.V. bought a new position in shares of Spark I Acquisition during the fourth quarter valued at about $254,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in shares of Spark I Acquisition during the fourth quarter worth about $257,000. Finally, ATW Spac Management LLC bought a new stake in shares of Spark I Acquisition in the fourth quarter worth about $341,000. Institutional investors own 34.90% of the company’s stock.

About Spark I Acquisition

Spark I Acquisition Corporation operates as a blank check company that intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or other business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in Palo Alto, California.