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

Social Leverage Acquisition Corp I (NYSE:SLACGet Rating) was the target of a large drop in short interest in the month of April. As of April 30th, there was short interest totalling 4,200 shares, a drop of 53.3% from the April 15th total of 9,000 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 63,500 shares, the days-to-cover ratio is presently 0.1 days.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SLAC. GAM Holding AG purchased a new stake in shares of Social Leverage Acquisition Corp I in the fourth quarter valued at approximately $206,000. Omni Event Management Ltd purchased a new position in Social Leverage Acquisition Corp I in the fourth quarter valued at $710,000. Saba Capital Management L.P. increased its holdings in Social Leverage Acquisition Corp I by 35.3% in the fourth quarter. Saba Capital Management L.P. now owns 468,969 shares of the company’s stock valued at $4,601,000 after buying an additional 122,233 shares during the last quarter. Oribel Capital Management LP increased its holdings in Social Leverage Acquisition Corp I by 22.1% in the fourth quarter. Oribel Capital Management LP now owns 72,493 shares of the company’s stock valued at $711,000 after buying an additional 13,104 shares during the last quarter. Finally, Bank of Montreal Can grew its holdings in shares of Social Leverage Acquisition Corp I by 3.9% during the fourth quarter. Bank of Montreal Can now owns 661,235 shares of the company’s stock worth $6,460,000 after purchasing an additional 24,727 shares during the last quarter. 55.76% of the stock is owned by institutional investors.

SLAC stock traded up $0.02 on Friday, hitting $9.79. 204 shares of the company’s stock were exchanged, compared to its average volume of 191,721. The firm has a 50 day moving average price of $9.79 and a two-hundred day moving average price of $9.76. Social Leverage Acquisition Corp I has a 12-month low of $9.61 and a 12-month 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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