Slam Corp. (NASDAQ:SLAMU) Short Interest Update

Slam Corp. (NASDAQ:SLAMU) was the target of a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 900 shares, a drop of 40.0% from the March 31st total of 1,500 shares. Based on an average daily volume of 400 shares, the short-interest ratio is currently 2.3 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Slam stock. Clear Street LLC raised its holdings in Slam Corp. (NASDAQ:SLAMU) by 39.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,086 shares of the company’s stock after acquiring an additional 1,998 shares during the period. Clear Street LLC’s holdings in Slam were worth $77,000 as of its most recent filing with the Securities and Exchange Commission.

Slam Stock Performance

SLAMU remained flat at $11.06 during midday trading on Monday. The company’s stock had a trading volume of 50 shares, compared to its average volume of 765. Slam has a 12-month low of $10.38 and a 12-month high of $11.63. The company’s 50 day simple moving average is $10.98 and its 200-day simple moving average is $10.92.

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.