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

Slam Corp. (NASDAQ:SLAM) was the target of a large growth in short interest in April. As of April 15th, there was short interest totalling 10,800 shares, a growth of 125.0% from the March 31st total of 4,800 shares. Based on an average daily volume of 20,600 shares, the short-interest ratio is currently 0.5 days. Currently, 0.1% of the company’s stock are sold short.

Slam Stock Performance

Shares of SLAM remained flat at $11.05 on Friday. The company had a trading volume of 14 shares, compared to its average volume of 1,384. The business has a fifty day moving average of $10.98 and a two-hundred day moving average of $10.90. Slam has a 1-year low of $10.35 and a 1-year high of $11.17.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SLAM. Spartan Fund Management Inc. acquired a new stake in Slam in the 1st quarter valued at approximately $166,000. Flow State Investments L.P. grew its position in Slam by 78.4% in the fourth quarter. Flow State Investments L.P. now owns 190,000 shares of the company’s stock valued at $2,062,000 after purchasing an additional 83,500 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. increased its stake in Slam by 24.6% in the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 284,500 shares of the company’s stock valued at $3,087,000 after buying an additional 56,150 shares during the last quarter. Gabelli Funds LLC lifted its position in Slam by 25.2% during the 4th quarter. Gabelli Funds LLC now owns 276,966 shares of the company’s stock worth $3,005,000 after buying an additional 55,747 shares in the last quarter. Finally, Kim LLC lifted its position in Slam by 394.2% during the 4th quarter. Kim LLC now owns 316,268 shares of the company’s stock worth $3,432,000 after buying an additional 252,268 shares in the last quarter. Institutional investors own 87.25% of the company’s stock.

Slam Company Profile

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.