Slam Corp. (NASDAQ:SLAM) Short Interest Update

Slam Corp. (NASDAQ:SLAM) saw a large decrease in short interest during the month of June. As of June 15th, there was short interest totalling 11,000 shares, a decrease of 23.6% from the May 31st total of 14,400 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 9,900 shares, the short-interest ratio is currently 1.1 days.

Institutional Trading of Slam

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Mizuho Securities USA LLC acquired a new stake in shares of Slam in the 1st quarter valued at about $3,327,000. Spartan Fund Management Inc. acquired a new position in Slam in the first quarter worth about $166,000. Flow State Investments L.P. increased its holdings 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 buying an additional 83,500 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. raised its stake in Slam by 24.6% during the fourth 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 in the last quarter. Finally, Gabelli Funds LLC lifted its holdings 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 during the last quarter. Institutional investors own 87.25% of the company’s stock.

Slam Stock Performance

Shares of NASDAQ SLAM traded up $0.02 during midday trading on Monday, reaching $11.14. 240 shares of the company’s stock were exchanged, compared to its average volume of 28,128. The stock has a market capitalization of $261.23 million, a PE ratio of 101.27 and a beta of 0.01. Slam has a 52-week low of $10.66 and a 52-week high of $11.24. The business’s fifty day moving average price is $11.08 and its two-hundred day moving average price is $10.98.

Slam (NASDAQ:SLAM) last announced its earnings results on Monday, April 1st. The company reported ($0.01) earnings per share (EPS) for the quarter.

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.