Spark I Acquisition Co. (NASDAQ:SPKL) Short Interest Up 50.0% in July

Spark I Acquisition Co. (NASDAQ:SPKL) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totalling 2,400 shares, an increase of 50.0% from the July 15th total of 1,600 shares. Based on an average daily trading volume, of 39,100 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Spark I Acquisition Stock Performance

Shares of NASDAQ:SPKL opened at $10.44 on Wednesday. Spark I Acquisition has a 1 year low of $10.07 and a 1 year high of $11.35. The business has a fifty day simple moving average of $10.38 and a 200 day simple moving average of $10.31.

Hedge Funds Weigh In On Spark I Acquisition

Hedge funds have recently added to or reduced their stakes in the company. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in shares of Spark I Acquisition in the 4th quarter valued at $257,000. ATW Spac Management LLC bought a new position in shares of Spark I Acquisition in the 4th quarter valued at approximately $341,000. Bulldog Investors LLP bought a new stake in Spark I Acquisition during the fourth quarter worth approximately $492,000. Cohanzick Management LLC bought a new position in shares of Spark I Acquisition in the fourth quarter valued at approximately $760,000. Finally, Cowen AND Company LLC acquired a new stake in shares of Spark I Acquisition in the fourth quarter worth $879,000. Institutional investors and hedge funds own 34.90% of the company’s stock.

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.