Slam Corp. (NASDAQ:SLAM) Sees Large Growth in Short Interest

Slam Corp. (NASDAQ:SLAMGet Rating) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totalling 13,500 shares, a growth of 229.3% from the April 15th total of 4,100 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 153,100 shares, the days-to-cover ratio is currently 0.1 days.

SLAM stock opened at $9.78 on Thursday. Slam has a 1-year low of $9.62 and a 1-year high of $9.94. The business has a fifty day simple moving average of $9.79.

Institutional investors and hedge funds have recently modified their holdings of the stock. Gabelli Funds LLC bought a new stake in shares of Slam in the third quarter worth $1,868,000. Seaport Global Asset Management LLC bought a new stake in Slam during the third quarter valued at about $85,000. DLD Asset Management LP bought a new stake in Slam during the third quarter valued at about $702,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in Slam during the third quarter valued at about $1,494,000. Finally, Wolverine Asset Management LLC grew its holdings in Slam by 17.5% during the third quarter. Wolverine Asset Management LLC now owns 87,240 shares of the company’s stock valued at $850,000 after purchasing an additional 12,988 shares during the period. 67.04% of the stock is owned by institutional investors.

About Slam (Get Rating)

Slam Corp. a blank check company, 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 founded in 2020 and is based in New York, New York.

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