Short Interest in Slam Corp. (NASDAQ:SLAM) Increases By 125.0%

Slam Corp. (NASDAQ:SLAMGet Free Report) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 10,800 shares, an increase of 125.0% from the March 31st total of 4,800 shares. Based on an average daily volume of 20,600 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the company’s stock are short sold.

Slam Stock Performance

SLAM stock remained flat at $11.05 during midday trading on Friday. 14 shares of the company’s stock were exchanged, compared to its average volume of 1,384. The firm has a 50 day simple moving average of $10.98 and a two-hundred day simple moving average of $10.90. Slam has a fifty-two week low of $10.35 and a fifty-two week high of $11.17.

Institutional Investors Weigh In On Slam

Several hedge funds and other institutional investors have recently made changes to their positions in the business. BCK Capital Management LP acquired a new position in Slam during the 3rd quarter valued at about $307,000. GABELLI & Co INVESTMENT ADVISERS INC. boosted its position in shares of Slam by 25.4% during the third quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 228,350 shares of the company’s stock valued at $2,462,000 after buying an additional 46,200 shares during the last quarter. Gabelli Funds LLC grew its holdings in Slam by 32.1% during the third quarter. Gabelli Funds LLC now owns 221,219 shares of the company’s stock worth $2,385,000 after buying an additional 53,800 shares in the last quarter. Westchester Capital Management LLC raised its position in Slam by 2.8% in the 3rd quarter. Westchester Capital Management LLC now owns 2,528,789 shares of the company’s stock valued at $27,260,000 after buying an additional 70,000 shares during the last quarter. Finally, Mizuho Securities USA LLC lifted its stake in Slam by 37.6% during the 3rd quarter. Mizuho Securities USA LLC now owns 1,771,000 shares of the company’s stock valued at $19,038,000 after acquiring an additional 483,633 shares in the last quarter. 87.25% of the stock is owned by institutional investors.

About Slam

(Get Free Report)

Slam Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or related business combination with one or more businesses or entities. The company was incorporated in 2020 and is based in New York, New York.

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