Spark I Acquisition Corporation (NASDAQ:SPKL) Short Interest Down 26.4% in January

Spark I Acquisition Corporation (NASDAQ:SPKL) was the recipient of 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 daily trading volume, of 196 shares, the short-interest ratio is currently 1.2 days. Approximately 0.0% of the company’s stock are short sold. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 196 shares, the short-interest ratio is currently 1.2 days.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Wolverine Asset Management LLC increased 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 worth $9,836,000 after buying an additional 219,800 shares in the last quarter. Berkley W R Corp boosted its position in shares of 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 buying an additional 834,049 shares during the last quarter. Alberta Investment Management Corp bought a new position in shares of Spark I Acquisition in the second quarter worth $1,635,000. StoneX Group Inc. bought a new stake in shares of Spark I Acquisition in the 2nd quarter worth approximately $700,000. Finally, Clear Street Group Inc. purchased a new position in shares of Spark I Acquisition in the 3rd quarter valued at approximately $323,000. 34.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed 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, the stock presently has a consensus rating of “Sell”.

Spark I Acquisition Stock Performance

Shares of SPKL stock traded down $0.03 during trading hours on Friday, hitting $11.30. The company had a trading volume of 1,383 shares, compared to its average volume of 389. The company’s fifty day moving average is $11.27 and its 200 day moving average is $11.24. Spark I Acquisition has a fifty-two week low of $10.68 and a fifty-two week high of $12.01.

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

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.