Plum Acquisition Corp. IV (NASDAQ:PLMK) Stock Short Interest Declines 72.4%

Plum Acquisition Corp. IV (NASDAQ:PLMK) was the target of a large decline in short interest in September. As of September 15th, there was short interest totaling 1,065 shares, a decline of 72.4% from the August 31st total of 3,861 shares. Based on an average trading volume of 900 shares, the short-interest ratio is currently 1.2 days. Approximately 0.0% of the company’s stock are sold short.

Plum Acquisition Corp. IV Stock Down 0.4%

Shares of Plum Acquisition Corp. IV stock traded down $0.04 during trading on Monday, hitting $10.68. 148 shares of the stock traded hands, compared to its average volume of 733. Plum Acquisition Corp. IV has a twelve month low of $10.32 and a twelve month high of $12.00. The company has a fifty day moving average price of $10.63 and a two-hundred day moving average price of $10.62.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Citadel Advisors LLC boosted its holdings in Plum Acquisition Corp. IV by 33.6% in the second quarter. Citadel Advisors LLC now owns 13,596 shares of the company’s stock worth $145,000 after purchasing an additional 3,421 shares in the last quarter. Sona Asset Management US LLC bought a new position in Plum Acquisition Corp. IV during the first quarter valued at about $3,696,000. Radcliffe Capital Management L.P. lifted its position in shares of Plum Acquisition Corp. IV by 5.6% in the fourth quarter. Radcliffe Capital Management L.P. now owns 449,055 shares of the company’s stock worth $4,693,000 after buying an additional 23,725 shares during the last quarter. Governors Lane LP boosted its stake in shares of Plum Acquisition Corp. IV by 133.3% during the 4th quarter. Governors Lane LP now owns 700,000 shares of the company’s stock worth $7,315,000 after acquiring an additional 399,900 shares in the last quarter. Finally, Berkley W R Corp boosted its stake in shares of Plum Acquisition Corp. IV by 4.6% during the 1st quarter. Berkley W R Corp now owns 804,192 shares of the company’s stock worth $8,492,000 after acquiring an additional 35,304 shares in the last quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Plum Acquisition Corp. IV in a report on Wednesday, July 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Plum Acquisition Corp. IV Company Profile

Plum Acquisition Corp. IV is a special purpose acquisition company (SPAC) listed on the Nasdaq under the symbol PLMK. The company was formed to identify and complete a business combination with one or more private companies.

Unlike an operating company, Plum Acquisition Corp. IV does not have established commercial products, services, or operating revenue of its own. Its activities are focused on evaluating potential merger, acquisition, or similar transactions that could provide a private business with access to the public markets.

Information about the company’s specific target industries, geographic markets, operating subsidiaries, and leadership is limited.