Short Interest in Plum Acquisition Corp. IV (NASDAQ:PLMK) Expands By 535.2%

Plum Acquisition Corp. IV (NASDAQ:PLMK) was the recipient of a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 9,065 shares, an increase of 535.2% from the January 15th total of 1,427 shares. Based on an average daily volume of 87,454 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are short sold. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 87,454 shares, the short-interest ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Plum Acquisition Corp. IV in a research report on Friday, January 9th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Plum Acquisition Corp. IV Stock Performance

Shares of NASDAQ:PLMK remained flat at $10.52 during trading on Tuesday. The company had a trading volume of 106,123 shares, compared to its average volume of 61,493. Plum Acquisition Corp. IV has a fifty-two week low of $9.97 and a fifty-two week high of $10.64. The firm’s fifty day simple moving average is $10.47 and its 200-day simple moving average is $10.39.

Plum Acquisition Corp. IV (NASDAQ:PLMK) last issued its quarterly earnings data on Thursday, November 13th. The company reported $0.07 earnings per share for the quarter.

Institutional Trading of Plum Acquisition Corp. IV

Institutional investors have recently added to or reduced their stakes in the stock. Magnetar Financial LLC acquired a new position in Plum Acquisition Corp. IV in the second quarter valued at approximately $5,138,000. Alberta Investment Management Corp bought a new stake in shares of Plum Acquisition Corp. IV in the 2nd quarter worth approximately $5,150,000. Goldman Sachs Group Inc. bought a new stake in shares of Plum Acquisition Corp. IV in the 1st quarter worth approximately $3,409,000. Radcliffe Capital Management L.P. acquired a new position in Plum Acquisition Corp. IV during the 2nd quarter valued at approximately $3,201,000. Finally, Wolverine Asset Management LLC grew its stake in Plum Acquisition Corp. IV by 90.5% during the 2nd quarter. Wolverine Asset Management LLC now owns 648,206 shares of the company’s stock worth $6,677,000 after buying an additional 308,024 shares during the last quarter.

About Plum Acquisition Corp. IV

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.