Slam Corp. (NASDAQ:SLAM) Short Interest Up 750.0% in March

Slam Corp. (NASDAQ:SLAM) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 1,700 shares, a growth of 750.0% from the February 29th total of 200 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 33,700 shares, the short-interest ratio is presently 0.1 days.

Slam Price Performance

Shares of Slam stock remained flat at $10.98 on Thursday. 2,007 shares of the stock were exchanged, compared to its average volume of 43,721. Slam has a 1 year low of $10.30 and a 1 year high of $11.15. The business has a 50 day moving average of $10.92 and a 200 day moving average of $10.86.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SLAM. AQR Arbitrage LLC purchased a new stake in shares of Slam during the third quarter worth $2,695,000. GABELLI & Co INVESTMENT ADVISERS INC. grew its position in shares of Slam by 25.4% during the 3rd 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 in the last quarter. Gabelli Funds LLC boosted its stake in Slam by 32.1% during the third quarter. Gabelli Funds LLC now owns 221,219 shares of the company’s stock valued at $2,385,000 after buying an additional 53,800 shares during the period. Westchester Capital Management LLC raised its holdings in shares of Slam by 2.8% in the 3rd quarter. Westchester Capital Management LLC now owns 2,528,789 shares of the company’s stock valued at $27,260,000 after acquiring an additional 70,000 shares in the last quarter. Finally, Cowen AND Company LLC increased its position in shares of Slam by 95.6% in the third quarter. Cowen AND Company LLC now owns 1,860,843 shares of the company’s stock worth $20,060,000 after purchasing an additional 909,440 shares during the last quarter. Hedge funds and other 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. Slam Corp. was incorporated in 2020 and is based in New York, New York.