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

Slam Corp. (NASDAQ:SLAMGet Rating) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 287,800 shares, an increase of 2,031.9% from the April 30th total of 13,500 shares. Based on an average daily volume of 163,400 shares, the short-interest ratio is presently 1.8 days. Currently, 0.5% of the shares of the company are sold short.

A number of hedge funds and other institutional investors have recently modified their holdings of SLAM. Rockefeller Capital Management L.P. purchased a new stake in Slam in the 3rd quarter worth $219,000. MYDA Advisors LLC purchased a new stake in shares of Slam during the third quarter worth $683,000. Wolverine Asset Management LLC grew its holdings in shares of Slam by 17.5% during the third quarter. Wolverine Asset Management LLC now owns 87,240 shares of the company’s stock worth $850,000 after buying an additional 12,988 shares in the last quarter. Weiss Asset Management LP purchased a new stake in shares of Slam during the third quarter worth $4,901,000. Finally, Arena Capital Advisors LLC CA grew its holdings in shares of Slam by 2.6% during the third quarter. Arena Capital Advisors LLC CA now owns 653,423 shares of the company’s stock worth $6,371,000 after buying an additional 16,396 shares in the last quarter. 67.04% of the stock is owned by institutional investors.

NASDAQ SLAM traded down $0.02 on Wednesday, hitting $9.77. The company had a trading volume of 24,198 shares, compared to its average volume of 154,844. The company’s fifty day moving average price is $9.79 and its 200-day moving average price is $9.76. Slam has a 12-month low of $9.63 and a 12-month high of $9.89.

Slam Company Profile (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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