Plutonian Acquisition Corp II (NYSE:PLUN – Get Free Report) saw a significant decrease in short interest in September. As of September 30th, there was short interest totaling 148 shares, a decrease of 71.1% from the September 15th total of 512 shares. Based on an average trading volume of 35,448 shares, the short-interest ratio is presently 0.0 days.
Plutonian Acquisition Corp II Stock Performance
Shares of PLUN stock traded up $0.01 during trading hours on Monday, reaching $10.12. The company had a trading volume of 139,690 shares, compared to its average volume of 94,513. Plutonian Acquisition Corp II has a twelve month low of $9.94 and a twelve month high of $10.15. The company’s fifty day simple moving average is $10.05.
Analyst Ratings Changes
A number of equities analysts have recently commented on PLUN shares. Wall Street Zen raised shares of Plutonian Acquisition Corp II to a “hold” rating in a research note on Saturday, June 27th. Weiss Ratings assumed coverage on shares of Plutonian Acquisition Corp II in a research report on Monday, September 14th. They set a “sell (e)” rating for the company. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, Plutonian Acquisition Corp II has a consensus rating of “Sell”.
Plutonian Acquisition Corp II Company Profile
Plutonian Acquisition Corp II is a special purpose acquisition company (SPAC) formed to identify and complete a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more operating businesses.
As a blank-check company, Plutonian Acquisition Corp II does not operate a conventional business and does not currently offer products or services to customers. Its activities are focused on raising capital, evaluating potential acquisition targets and pursuing a qualifying business combination.
The company has not publicly established a completed operating acquisition or a specific geographic market in which it serves customers.
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