Spark I Acquisition Co. (NASDAQ:SPKL) Sees Large Growth in Short Interest

Spark I Acquisition Co. (NASDAQ:SPKL) was the target of a large growth in short interest in October. As of October 15th, there was short interest totalling 2,700 shares, a growth of 17.4% from the September 30th total of 2,300 shares. Based on an average daily volume of 29,600 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Institutional Investors Weigh In On Spark I Acquisition

An institutional investor recently bought a new position in Spark I Acquisition stock. Periscope Capital Inc. bought a new stake in Spark I Acquisition Co. (NASDAQ:SPKL) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 417,200 shares of the company’s stock, valued at approximately $4,280,000. Spark I Acquisition makes up 1.1% of Periscope Capital Inc.’s portfolio, making the stock its 27th largest holding. Periscope Capital Inc. owned about 2.54% of Spark I Acquisition as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 34.90% of the company’s stock.

Spark I Acquisition Trading Up 0.1 %

NASDAQ:SPKL opened at $10.55 on Wednesday. The business’s 50-day simple moving average is $10.49 and its 200-day simple moving average is $10.41. Spark I Acquisition has a fifty-two week low of $10.07 and a fifty-two week high of $11.57.

Spark I Acquisition Company Profile

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.