Slam Corp. (NASDAQ:SLAM - Get Free Report) was the recipient of a large increase in short interest in 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. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 20,600 shares, the days-to-cover ratio is currently 0.5 days.
Institutional Trading of Slam
Institutional investors and hedge funds have recently made changes to their positions in the stock. Westchester Capital Management LLC increased its position in Slam by 2.8% during the 3rd quarter. Westchester Capital Management LLC now owns 2,528,789 shares of the company's stock worth $27,260,000 after purchasing an additional 70,000 shares in the last quarter. Cowen AND Company LLC raised its position in shares of Slam by 95.6% in the third quarter. Cowen AND Company LLC now owns 1,860,843 shares of the company's stock valued at $20,060,000 after buying an additional 909,440 shares during the last quarter. Mizuho Securities USA LLC raised its position in shares of Slam by 37.6% in the third quarter. Mizuho Securities USA LLC now owns 1,771,000 shares of the company's stock valued at $19,038,000 after buying an additional 483,633 shares during the last quarter. Picton Mahoney Asset Management acquired a new stake in Slam during the fourth quarter worth approximately $11,393,000. Finally, Wolverine Asset Management LLC grew its stake in Slam by 119.8% in the 4th quarter. Wolverine Asset Management LLC now owns 326,072 shares of the company's stock worth $3,538,000 after acquiring an additional 177,740 shares during the period. 87.25% of the stock is currently owned by hedge funds and other institutional investors.
Slam Stock Performance
NASDAQ:SLAM remained flat at $11.05 during trading hours on Friday. The company's stock had a trading volume of 14 shares, compared to its average volume of 1,384. The firm's fifty day simple moving average is $10.98 and its 200-day simple moving average is $10.90. Slam has a 52-week low of $10.35 and a 52-week high of $11.17.
About Slam
(
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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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