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

Spark I Acquisition Co. (NASDAQ:SPKLU) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 657 shares, an increase of 32,750.0% from the April 30th total of 2 shares. Based on an average trading volume of 211 shares, the days-to-cover ratio is presently 3.1 days.

Institutional Investors Weigh In On Spark I Acquisition

An institutional investor recently bought a new position in Spark I Acquisition stock. Clear Street Group Inc. purchased a new stake in Spark I Acquisition Co. (NASDAQ:SPKLU) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 17,973 shares of the company’s stock, valued at approximately $193,000.

Spark I Acquisition Trading Up 17.5%

Spark I Acquisition stock opened at $14.75 on Friday. Spark I Acquisition has a 12 month low of $11.32 and a 12 month high of $15.50. The stock has a 50-day moving average price of $11.97 and a two-hundred day moving average price of $11.71.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Spark I Acquisition in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Spark I Acquisition currently has an average rating of “Sell”.

Spark I Acquisition Company Profile

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.