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

Spark I Acquisition Co. (NASDAQ:SPKLW) was the recipient of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 19,461 shares, a decline of 58.8% from the May 14th total of 47,215 shares. Based on an average daily volume of 74,086 shares, the short-interest ratio is presently 0.3 days.

Spark I Acquisition Trading Up 10.6%

Shares of Spark I Acquisition stock traded up $0.20 during trading on Friday, hitting $2.08. 439,476 shares of the company were exchanged, compared to its average volume of 96,641. Spark I Acquisition has a fifty-two week low of $0.16 and a fifty-two week high of $2.35. The firm has a 50 day moving average price of $0.53 and a 200 day moving average price of $0.38.

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.