Spark I Acquisition Co. (NASDAQ:SPKLW) Sees Large Drop in Short Interest

Spark I Acquisition Co. (NASDAQ:SPKLW) saw a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 1,696 shares, a decrease of 47.9% from the July 30th total of 3,255 shares. Based on an average daily volume of 14,743 shares, the days-to-cover ratio is currently 0.1 days.

Spark I Acquisition Price Performance

Shares of SPKLW traded down $0.04 during trading hours on Monday, reaching $1.19. The stock had a trading volume of 128 shares, compared to its average volume of 81,892. The firm has a 50-day simple moving average of $1.62 and a 200 day simple moving average of $0.90. Spark I Acquisition has a 12 month low of $0.16 and a 12 month high of $2.70.

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.