Slam Corp. (NASDAQ:SLAM – Free Report) was the recipient of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totalling 200 shares, a decrease of 60.0% from the May 31st total of 500 shares. Based on an average trading volume of 126,300 shares, the short-interest ratio is currently 0.0 days.
Slam Stock Up 0.3 %
SLAM traded up $0.03 during trading on Friday, reaching $10.70. 1,746 shares of the stock were exchanged, compared to its average volume of 237,125. The business’s 50 day moving average price is $10.51 and its two-hundred day moving average price is $10.32. Slam has a 1 year low of $9.80 and a 1 year high of $11.15.
Institutional Trading of Slam
A number of institutional investors have recently bought and sold shares of SLAM. Basso Capital Management L.P. boosted its position in Slam by 295.8% during the first quarter. Basso Capital Management L.P. now owns 4,358 shares of the company’s stock worth $43,000 after purchasing an additional 3,257 shares in the last quarter. Verition Fund Management LLC lifted its position in shares of Slam by 17.1% in the first quarter. Verition Fund Management LLC now owns 574,067 shares of the company’s stock valued at $5,608,000 after acquiring an additional 83,975 shares in the last quarter. Hsbc Holdings PLC lifted its position in shares of Slam by 17.1% in the first quarter. Hsbc Holdings PLC now owns 1,676,929 shares of the company’s stock valued at $16,417,000 after acquiring an additional 244,521 shares in the last quarter. Kohlberg Kravis Roberts & Co. L.P. purchased a new stake in shares of Slam in the first quarter valued at $344,000. Finally, Radcliffe Capital Management L.P. lifted its position in shares of Slam by 22.9% in the first quarter. Radcliffe Capital Management L.P. now owns 466,507 shares of the company’s stock valued at $4,558,000 after acquiring an additional 87,051 shares in the last quarter. 66.60% of the stock is currently owned by hedge funds and other institutional investors.
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.