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

Plum Acquisition Corp. IV (NASDAQ:PLMK) was the recipient of a large decline in short interest in the month of 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 daily volume of 900 shares, the short-interest ratio is presently 1.2 days. Currently, 0.0% of the company’s shares are short sold.

Plum Acquisition Corp. IV Price Performance

Shares of NASDAQ:PLMK opened at $10.68 on Friday. Plum Acquisition Corp. IV has a 12-month low of $10.32 and a 12-month high of $12.00. The business has a 50 day moving average of $10.63 and a two-hundred day moving average of $10.62.

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

Institutional Trading of Plum Acquisition Corp. IV

Large investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC lifted 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 valued at $145,000 after acquiring an additional 3,421 shares during the last quarter. Sona Asset Management US LLC acquired a new stake in Plum Acquisition Corp. IV in the first quarter valued at approximately $3,696,000. Berkley W R Corp boosted its position 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. Governors Lane LP boosted its stake in Plum Acquisition Corp. IV by 133.3% in the fourth quarter. Governors Lane LP now owns 700,000 shares of the company’s stock valued at $7,315,000 after acquiring an additional 399,900 shares in the last quarter. Finally, Radcliffe Capital Management L.P. increased its holdings in shares of Plum Acquisition Corp. IV by 5.6% in the 4th quarter. Radcliffe Capital Management L.P. now owns 449,055 shares of the company’s stock valued at $4,693,000 after acquiring an additional 23,725 shares during the period.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated 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, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

About Plum Acquisition Corp. IV

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.