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

Spark I Acquisition Corporation (NASDAQ:SPKL) saw a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 237 shares, a decrease of 26.4% from the December 31st total of 322 shares. Based on an average trading volume of 196 shares, the short-interest ratio is presently 1.2 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 196 shares, the short-interest ratio is presently 1.2 days.

Spark I Acquisition Stock Down 0.2%

SPKL traded down $0.03 during trading on Friday, hitting $11.30. 1,383 shares of the stock traded hands, compared to its average volume of 389. Spark I Acquisition has a twelve month low of $10.68 and a twelve month high of $12.01. The business has a 50 day moving average price of $11.27 and a 200 day moving average price of $11.24.

Spark I Acquisition (NASDAQ:SPKL) last issued its quarterly earnings results on Friday, November 14th. The company reported ($0.05) earnings per share (EPS) for the quarter.

Institutional Trading of Spark I Acquisition

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Wolverine Asset Management LLC raised its holdings in shares of Spark I Acquisition by 32.2% during the second quarter. Wolverine Asset Management LLC now owns 902,388 shares of the company’s stock valued at $9,836,000 after acquiring an additional 219,800 shares during the period. Berkley W R Corp raised its position in Spark I Acquisition by 558.6% during the second quarter. Berkley W R Corp now owns 983,347 shares of the company’s stock valued at $10,718,000 after purchasing an additional 834,049 shares in the last quarter. Alberta Investment Management Corp bought a new position in shares of Spark I Acquisition during the 2nd quarter worth approximately $1,635,000. StoneX Group Inc. bought a new stake in Spark I Acquisition during the second quarter worth $700,000. Finally, Clear Street Group Inc. bought a new stake in Spark I Acquisition during the third quarter valued at $323,000. 34.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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.