Plum Acquisition Corp. IV (NASDAQ:PLMK) Shares Shorted: Short Interest Down 61.1% in October

Plum Acquisition Corp. IV (NASDAQ:PLMK) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 301 shares, a decrease of 61.1% from the September 30th total of 773 shares. Based on an average daily trading volume, of 7,113 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Plum Acquisition Corp. IV Stock Down 0.0%

PLMK stock traded down $0.01 during mid-day trading on Friday, reaching $10.62. 150 shares of the company traded hands, compared to its average volume of 55,336. The company has a fifty day moving average price of $10.66 and a 200-day moving average price of $10.60. Plum Acquisition Corp. IV has a 52-week low of $10.38 and a 52-week high of $12.00.

Plum Acquisition Corp. IV (NASDAQ:PLMK) last issued its quarterly earnings results on Friday, August 14th. The company reported $0.02 earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Citadel Advisors LLC lifted its position in Plum Acquisition Corp. IV by 33.6% during the second quarter. Citadel Advisors LLC now owns 13,596 shares of the company’s stock valued at $145,000 after purchasing an additional 3,421 shares in the last quarter. Berkley W R Corp increased its holdings in Plum Acquisition Corp. IV by 4.6% in the 1st quarter. Berkley W R Corp now owns 804,192 shares of the company’s stock valued at $8,492,000 after acquiring an additional 35,304 shares during the last quarter. Finally, Sona Asset Management US LLC purchased a new stake in shares of Plum Acquisition Corp. IV in the first quarter worth about $3,696,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Plum Acquisition Corp. IV in a report on Tuesday. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Plum Acquisition Corp. IV presently has a consensus rating of “Sell”.

Plum Acquisition Corp. IV Company Profile

Plum Acquisition Corp. IV is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating companies. Its potential transactions may include a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar corporate combination.

As a blank-check company, Plum Acquisition Corp. IV does not have significant operating products or services of its own. Its activities are primarily focused on raising capital, evaluating potential acquisition targets and seeking shareholder approval for a proposed transaction.

The company has not publicly identified a completed operating business or a specific geographic market served in the information available.