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

Spark I Acquisition Corporation (NASDAQ:SPKL) was the target of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 515 shares, an increase of 409.9% from the January 29th total of 101 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 732 shares, the short-interest ratio is presently 0.7 days. Based on an average daily volume of 732 shares, the short-interest ratio is presently 0.7 days. Approximately 0.0% of the shares of the company are sold short.

Hedge Funds Weigh In On Spark I Acquisition

A number of large investors have recently made changes to their positions in SPKL. Clear Street Group Inc. acquired a new stake in shares of Spark I Acquisition in the third quarter valued at about $323,000. Radcliffe Capital Management L.P. purchased a new position in Spark I Acquisition in the second quarter valued at about $531,000. StoneX Group Inc. acquired a new stake in shares of Spark I Acquisition during the 2nd quarter valued at approximately $700,000. Berkley W R Corp purchased a new stake in shares of Spark I Acquisition during the 4th quarter worth approximately $749,000. Finally, Alberta Investment Management Corp acquired a new stake in shares of Spark I Acquisition in the 2nd quarter worth approximately $1,635,000. Hedge funds and other institutional investors own 34.90% of the company’s stock.

Spark I Acquisition Stock Performance

Spark I Acquisition stock opened at $11.31 on Thursday. The stock’s 50 day moving average price is $11.31 and its 200 day moving average price is $11.29. Spark I Acquisition has a 1-year low of $10.71 and a 1-year high of $12.01.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Spark I Acquisition in a research report on Monday, December 29th. One equities 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.