Spark I Acquisition Co. (NASDAQ:SPKLU – Get Free Report) was the recipient of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 1 shares, a decline of 99.7% from the June 15th total of 293 shares. Based on an average daily volume of 2,268 shares, the short-interest ratio is presently 0.0 days.
Institutional Trading of Spark I Acquisition
An institutional investor recently bought a new stake in Spark I Acquisition stock. Clear Street Group Inc. bought a new position in Spark I Acquisition Co. (NASDAQ:SPKLU – Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 17,973 shares of the company’s stock, valued at approximately $193,000.
Spark I Acquisition Price Performance
Shares of Spark I Acquisition stock remained flat at $13.00 during mid-day trading on Friday. Spark I Acquisition has a 1 year low of $11.32 and a 1 year high of $17.70. The company has a fifty day simple moving average of $12.78 and a 200-day simple moving average of $12.15.
Wall Street Analyst Weigh In
View Our Latest Stock Analysis on SPKLU
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.
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