Slam Corp. (NASDAQ:SLAMU) Sees Significant Decrease in Short Interest

Slam Corp. (NASDAQ:SLAMU) was the recipient of a large drop in short interest in April. As of April 15th, there was short interest totalling 900 shares, a drop of 40.0% from the March 31st total of 1,500 shares. Based on an average daily volume of 400 shares, the days-to-cover ratio is currently 2.3 days.

Slam Stock Performance

Shares of NASDAQ:SLAMU remained flat at $11.06 during trading hours on Monday. 50 shares of the stock traded hands, compared to its average volume of 765. The company’s 50 day simple moving average is $10.98 and its two-hundred day simple moving average is $10.92. Slam has a one year low of $10.38 and a one year high of $11.63.

Institutional Investors Weigh In On Slam

An institutional investor recently raised its position in Slam stock. Clear Street LLC increased its position in Slam Corp. (NASDAQ:SLAMU) by 39.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 7,086 shares of the company’s stock after purchasing an additional 1,998 shares during the period. Clear Street LLC’s holdings in Slam were worth $77,000 at the end of the most recent reporting period.

About Slam

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. Slam Corp. was incorporated in 2020 and is based in New York, New York.