Slam Corp. (NASDAQ:SLAM - Get Free Report) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totalling 4,800 shares, a growth of 182.4% from the March 15th total of 1,700 shares. Based on an average daily trading volume, of 34,100 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.
Slam Price Performance
Shares of NASDAQ SLAM remained flat at $11.04 during midday trading on Thursday. The stock had a trading volume of 1,115 shares, compared to its average volume of 39,829. Slam has a 1-year low of $10.35 and a 1-year high of $11.17. The company's 50-day simple moving average is $10.96 and its 200 day simple moving average is $10.88.
Institutional Investors Weigh In On Slam
Large investors have recently modified their holdings of the business. UBS Group AG boosted its stake in Slam by 51.4% during the fourth quarter. UBS Group AG now owns 3,363 shares of the company's stock worth $34,000 after buying an additional 1,142 shares during the last quarter. Basso Capital Management L.P. grew its holdings in shares of Slam by 295.8% in the first quarter. Basso Capital Management L.P. now owns 4,358 shares of the company's stock valued at $43,000 after purchasing an additional 3,257 shares during the period. PenderFund Capital Management Ltd. increased its position in Slam by 97.0% during the first quarter. PenderFund Capital Management Ltd. now owns 6,500 shares of the company's stock worth $79,000 after purchasing an additional 3,200 shares during the last quarter. XTX Topco Ltd purchased a new position in Slam during the first quarter worth about $105,000. Finally, State Street Corp raised its stake in Slam by 29.7% during the third quarter. State Street Corp now owns 15,297 shares of the company's stock worth $152,000 after purchasing an additional 3,500 shares during the period. Hedge funds and other institutional investors own 87.25% of the company's stock.
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. Slam Corp. was incorporated in 2020 and is based in New York, New York.
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