Spark I Acquisition Co. (NASDAQ:SPKLU) Short Interest Update

Spark I Acquisition Co. (NASDAQ:SPKLU) saw a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 229 shares, a decrease of 65.1% from the May 14th total of 657 shares. Based on an average daily trading volume, of 615 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On Spark I Acquisition

A hedge fund recently bought a new stake in Spark I Acquisition stock. Clear Street Group Inc. bought a new stake in Spark I Acquisition Co. (NASDAQ:SPKLU) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 17,973 shares of the company’s stock, valued at approximately $193,000.

Spark I Acquisition Stock Performance

Shares of SPKLU traded down $1.30 during trading on Friday, reaching $14.03. The company’s stock had a trading volume of 16,378 shares, compared to its average volume of 1,963. The company has a fifty day moving average of $12.20 and a two-hundred day moving average of $11.87. Spark I Acquisition has a twelve month low of $11.32 and a twelve month high of $17.70.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Spark I Acquisition in a research report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Spark I Acquisition has a consensus rating of “Sell”.

About Spark I Acquisition

Spark I Acquisition Corp. is a special purpose acquisition company (SPAC) formed to effectuate a merger, capital stock exchange, asset acquisition or similar business combination with one or more businesses. The company executed its initial public offering in late 2020 under the ticker SPKLU on the Nasdaq Stock Market. As a blank-check vehicle, Spark I Acquisition does not currently conduct operations of its own but seeks to identify and combine with a target company that offers substantial growth potential and strategic alignment with its investment criteria.

The SPAC is sponsored by Spark Impact, an asset management and investment firm known for integrating environmental, social and governance (ESG) principles into its investment process.