Slam Corp. (NASDAQ:SLAM) Short Interest Update

Slam Corp. (NASDAQ:SLAM) was the target of a significant increase in short interest during the month of 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. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 20,600 shares, the days-to-cover ratio is currently 0.5 days.

Slam Price Performance

NASDAQ SLAM remained flat at $11.05 during trading 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 1 year low of $10.35 and a 1 year high of $11.17.

Hedge Funds Weigh In On Slam

A number of institutional investors have recently bought and sold shares of SLAM. Spartan Fund Management Inc. acquired a new position in shares of Slam in the first quarter valued at approximately $166,000. BCK Capital Management LP acquired a new position in shares of Slam in the third quarter valued at approximately $307,000. GABELLI & Co INVESTMENT ADVISERS INC. grew its position in shares of Slam by 25.4% in the third quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 228,350 shares of the company’s stock valued at $2,462,000 after purchasing an additional 46,200 shares during the last quarter. Gabelli Funds LLC grew its position in shares of Slam by 32.1% in the third quarter. Gabelli Funds LLC now owns 221,219 shares of the company’s stock valued at $2,385,000 after purchasing an additional 53,800 shares during the last quarter. Finally, Westchester Capital Management LLC grew its position in shares of Slam by 2.8% in the third quarter. Westchester Capital Management LLC now owns 2,528,789 shares of the company’s stock valued at $27,260,000 after purchasing an additional 70,000 shares during the last quarter. Institutional investors and hedge funds own 87.25% of the company’s stock.

About Slam

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.