Short Interest in Spark I Acquisition Co. (NASDAQ:SPKL) Expands By 17.4%

Posted by Jeff Wilder on Mar 20th, 2025

Spark I Acquisition Co. (NASDAQ:SPKL – Get Free Report) was the recipient of a significant growth in short interest in February. As of February 28th, there was short interest totalling 2,700 shares, a growth of 17.4% from the February 13th total of 2,300 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 18,700 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Spark I Acquisition

A number of large investors have recently added to or reduced their stakes in the company. Bulldog Investors LLP grew its stake in shares of Spark I Acquisition by 46.6% during the fourth quarter. Bulldog Investors LLP now owns 149,734 shares of the company’s stock worth $1,593,000 after acquiring an additional 47,616 shares during the last quarter. Mizuho Securities USA LLC purchased a new stake in shares of Spark I Acquisition during the fourth quarter worth about $1,616,000. D. E. Shaw & Co. Inc. grew its stake in shares of Spark I Acquisition by 12.1% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 175,145 shares of the company’s stock worth $1,864,000 after acquiring an additional 18,952 shares during the last quarter. Wolverine Asset Management LLC grew its stake in shares of Spark I Acquisition by 19.5% during the fourth quarter. Wolverine Asset Management LLC now owns 475,875 shares of the company’s stock worth $5,063,000 after acquiring an additional 77,581 shares during the last quarter. Finally, Toronto Dominion Bank purchased a new stake in Spark I Acquisition in the fourth quarter valued at approximately $5,320,000. 34.90% of the stock is currently owned by institutional investors.

Spark I Acquisition Stock Performance

SPKL stock opened at $10.74 on Thursday. The business has a 50-day moving average price of $10.71 and a 200 day moving average price of $10.60. Spark I Acquisition has a 1-year low of $10.26 and a 1-year high of $11.95.

Spark I Acquisition Company Profile

(Get Free Report)

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.