Spark I Acquisition Co. (NASDAQ:SPKLW) Short Interest Update

Spark I Acquisition Co. (NASDAQ:SPKLW) saw a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 1,425 shares, a drop of 69.6% from the August 31st total of 4,687 shares. Based on an average daily trading volume, of 9,347 shares, the days-to-cover ratio is presently 0.2 days.

Spark I Acquisition Stock Up 3.0%

Shares of NASDAQ SPKLW traded up $0.03 during trading on Friday, hitting $1.04. The company had a trading volume of 1,431 shares, compared to its average volume of 74,457. The stock has a 50 day simple moving average of $1.25 and a 200 day simple moving average of $1.01. Spark I Acquisition has a 12 month low of $0.16 and a 12 month high of $2.70.

About Spark I Acquisition

Spark I Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination, such as a merger, acquisition or similar transaction, with an operating company. Unlike a traditional operating business, the company does not appear to have significant commercial products, services or ongoing business operations of its own.

The company’s securities include publicly traded warrants, identified by the Nasdaq symbol SPKLW. These warrants generally provide holders with the opportunity to purchase shares of the combined company upon the completion of a qualifying business combination, subject to the terms established when the securities were issued.

Information regarding Spark I Acquisition Corp.’s target industry, geographic markets and executive leadership is limited until the company announces a proposed transaction.