Short-term stake in Social Leverage Acquisition Corp I (NYSE:SLAC) rises 53.3%


Social Leverage Acquisition Corp I (NYSE:SLAC – Get Rating) saw strong short-term interest growth in July. As of July 15, there was short interest totaling 228,700 shares, up 53.3% from the total of 149,200 shares as of June 30. Based on an average daily trading volume of 121,500 shares, the short-term interest rate ratio is currently 1.9 days. Currently, 0.7% of the company’s shares are sold short.

Social Leverage Acquisition Corp I Stock Performance

NYSE: SLAC opened at $9.87 on Friday. The stock’s fifty-day moving average is $9.81 and its 200-day moving average is $9.78. Social Leverage Acquisition Corp I has a fifty-two week low of $9.61 and a fifty-two week high of $10.00.

Institutional Negotiation of Social Leverage Acquisition Corp I

Several hedge funds and other institutional investors have recently bought and sold shares of SLAC. Saba Capital Management LP increased its position in Social Leverage Acquisition Corp I by 70.7% in Q1. Saba Capital Management LP now owns 800,325 shares of the company valued at $7,835,000 after acquiring an additional 331,356 shares in the last quarter. GAM Holding AG bought a new position in Social Leverage Acquisition Corp I in Q4 worth $206,000. Oribel Capital Management LP increased its position in Social Leverage Acquisition Corp I by 22.1% in the fourth quarter. Oribel Capital Management LP now owns 72,493 shares of the company valued at $711,000 after acquiring an additional 13,104 shares in the last quarter. Bank of Montreal Can increased its position in Social Leverage Acquisition Corp I by 3.9% in the fourth quarter. Bank of Montreal Can now owns 661,235 shares of the company valued at $6,460,000 after acquiring an additional 24,727 shares in the last quarter. Finally, Brighton Jones LLC bought a new position in Social Leverage Acquisition Corp I in Q4 worth $98,000. Hedge funds and other institutional investors hold 55.76% of the company’s shares.

About Social Leverage Acquisition Corp I

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Social Leverage Acquisition Corp I has no significant activities. It focuses on completing a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or several companies in the fintech, enterprise software and consumer technology industries.

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