SPK Acquisition Corp. (NASDAQ:SPK – Get Rating) was the recipient of a significant increase in short interest in November. As of November 15th, there was short interest totalling 1,100 shares, an increase of 120.0% from the October 31st total of 500 shares. Based on an average trading volume of 8,700 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SPK. Walleye Trading LLC bought a new stake in SPK Acquisition during the 1st quarter valued at approximately $178,000. RPO LLC bought a new stake in SPK Acquisition during the 2nd quarter valued at approximately $187,000. Walleye Capital LLC purchased a new position in shares of SPK Acquisition during the first quarter valued at approximately $317,000. Berkley W R Corp lifted its holdings in shares of SPK Acquisition by 2.7% during the second quarter. Berkley W R Corp now owns 115,701 shares of the company's stock valued at $1,157,000 after purchasing an additional 3,044 shares during the last quarter. Finally, MMCAP International Inc. SPC purchased a new position in shares of SPK Acquisition during the first quarter valued at approximately $5,949,000. 74.69% of the stock is owned by institutional investors.

SPK Acquisition Stock Performance

Shares of SPK stock remained flat at $10.16 on Wednesday. The company had a trading volume of 7,915 shares, compared to its average volume of 618. The company has a 50-day simple moving average of $10.18 and a 200 day simple moving average of $10.09. SPK Acquisition has a one year low of $9.84 and a one year high of $10.68.

SPK Acquisition Company Profile

SPK Acquisition Corp. intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on operating businesses in the telecommunications, media, and technology sectors in Asia. The company was incorporated in 2020 and is based in Shanghai, China.

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