Spark I Acquisition Co. (NASDAQ:SPKL) Short Interest Down 28.1% in February

Spark I Acquisition Co. (NASDAQ:SPKL) was the target of a significant decrease in short interest in February. As of February 15th, there was short interest totalling 2,300 shares, a decrease of 28.1% from the January 31st total of 3,200 shares. Based on an average daily trading volume, of 19,200 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. D. E. Shaw & Co. Inc. grew its position in Spark I Acquisition by 12.1% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 175,145 shares of the company’s stock valued at $1,864,000 after buying an additional 18,952 shares during the period. Bulldog Investors LLP increased its position in Spark I Acquisition by 46.6% in the fourth quarter. Bulldog Investors LLP now owns 149,734 shares of the company’s stock worth $1,593,000 after buying an additional 47,616 shares during the last quarter. Wolverine Asset Management LLC raised its stake in shares of Spark I Acquisition by 19.5% in the fourth quarter. Wolverine Asset Management LLC now owns 475,875 shares of the company’s stock valued at $5,063,000 after buying an additional 77,581 shares during the period. Mizuho Securities USA LLC purchased a new position in shares of Spark I Acquisition during the 4th quarter valued at $1,616,000. Finally, Toronto Dominion Bank bought a new position in shares of Spark I Acquisition during the 4th quarter worth $5,320,000. Hedge funds and other institutional investors own 34.90% of the company’s stock.

Spark I Acquisition Stock Performance

Shares of NASDAQ SPKL opened at $10.74 on Tuesday. The stock’s 50 day moving average price is $10.68 and its 200-day moving average price is $10.58. Spark I Acquisition has a twelve month low of $10.24 and a twelve month high of $11.95.

About Spark I Acquisition

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.