Plum Acquisition Corp. IV (NASDAQ:PLMK) Short Interest Update

Plum Acquisition Corp. IV (NASDAQ:PLMK) saw a significant decrease in short interest in June. As of June 15th, there was short interest totaling 3,301 shares, a decrease of 69.5% from the May 31st total of 10,810 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 31,668 shares, the short-interest ratio is currently 0.1 days.

Plum Acquisition Corp. IV Stock Performance

NASDAQ PLMK traded down $0.05 during trading hours on Monday, reaching $10.61. 79,346 shares of the company were exchanged, compared to its average volume of 77,684. Plum Acquisition Corp. IV has a 1 year low of $10.25 and a 1 year high of $10.84. The business’s 50 day simple moving average is $10.62 and its 200-day simple moving average is $10.55.

Plum Acquisition Corp. IV (NASDAQ:PLMK) last issued its quarterly earnings results on Friday, May 15th. The company reported $0.05 earnings per share (EPS) for the quarter.

Institutional Trading of Plum Acquisition Corp. IV

Hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. bought a new position in shares of Plum Acquisition Corp. IV during the 1st quarter worth $3,409,000. Moore Capital Management LP bought a new stake in Plum Acquisition Corp. IV in the 2nd quarter valued at about $772,000. Radcliffe Capital Management L.P. purchased a new stake in Plum Acquisition Corp. IV during the second quarter valued at about $3,201,000. ABC Arbitrage SA purchased a new stake in Plum Acquisition Corp. IV during the fourth quarter valued at about $157,000. Finally, Crossingbridge Advisors LLC bought a new position in Plum Acquisition Corp. IV during the fourth quarter worth about $262,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Plum Acquisition Corp. IV in a report on Friday, May 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Plum Acquisition Corp. IV Company Profile

Plum Acquisition Corp. IV is a special purpose acquisition company incorporated in the Cayman Islands. Trading on the Nasdaq under the ticker PLMK, the company has no operating history and was formed for the purpose of effecting one or more business combinations, such as a merger, capital stock exchange, asset acquisition or similar transaction.

The company completed its initial public offering, raising capital through the sale of units comprised of ordinary shares and warrants. The net proceeds of the offering are held in a trust account, pending the identification and consummation of a suitable business combination within the prescribed timeframe, generally 24 months from the closing date of the offering.

Although Plum Acquisition Corp.