Social Leverage Acquisition Corp I (NYSE:SLAC) Short Interest Update

Social Leverage Acquisition Corp I (NYSE:SLACGet Rating) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 7,700 shares, an increase of 83.3% from the March 15th total of 4,200 shares. Based on an average trading volume of 51,700 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Brighton Jones LLC purchased a new position in shares of Social Leverage Acquisition Corp I in the fourth quarter worth about $98,000. Berkley W R Corp purchased a new position in Social Leverage Acquisition Corp I during the third quarter valued at approximately $116,000. Oribel Capital Management LP grew its stake in Social Leverage Acquisition Corp I by 22.1% during the fourth quarter. Oribel Capital Management LP now owns 72,493 shares of the company’s stock valued at $711,000 after acquiring an additional 13,104 shares in the last quarter. GAM Holding AG purchased a new position in Social Leverage Acquisition Corp I during the fourth quarter valued at approximately $206,000. Finally, Dark Forest Capital Management LP purchased a new position in Social Leverage Acquisition Corp I during the third quarter valued at approximately $210,000. Hedge funds and other institutional investors own 48.41% of the company’s stock.

Shares of SLAC traded up $0.04 during trading hours on Friday, hitting $9.85. The company’s stock had a trading volume of 239 shares, compared to its average volume of 35,372. The business has a 50 day simple moving average of $9.77 and a two-hundred day simple moving average of $9.76. Social Leverage Acquisition Corp I has a 52-week low of $9.61 and a 52-week high of $10.00.

Social Leverage Acquisition Corp I Company Profile (Get Rating)

Social Leverage Acquisition Corp I focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Scottsdale, Arizona.

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