Plutonian Acquisition Corp II (NYSE:PLUN) Short Interest Update

Plutonian Acquisition Corp II (NYSE:PLUN) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 512 shares, a drop of 50.6% from the August 31st total of 1,036 shares. Based on an average daily volume of 32,657 shares, the short-interest ratio is currently 0.0 days.

Plutonian Acquisition Corp II Stock Down 0.1%

NYSE:PLUN traded down $0.01 during midday trading on Tuesday, reaching $10.07. 128 shares of the stock traded hands, compared to its average volume of 24,908. Plutonian Acquisition Corp II has a 12-month low of $9.94 and a 12-month high of $10.10. The firm has a 50-day moving average price of $10.03.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Weiss Ratings assumed coverage on shares of Plutonian Acquisition Corp II in a research note on Monday, September 14th. They issued a “sell (e)” rating for the company. Wall Street Zen raised Plutonian Acquisition Corp II to a “hold” rating in a research report on Saturday, June 27th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Plutonian Acquisition Corp II Company Profile

Plutonian Acquisition Corp II is a special purpose acquisition company (SPAC) formed to identify and complete a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more operating businesses.

As a blank-check company, Plutonian Acquisition Corp II does not operate a conventional business and does not currently offer products or services to customers. Its activities are focused on raising capital, evaluating potential acquisition targets and pursuing a qualifying business combination.

The company has not publicly established a completed operating acquisition or a specific geographic market in which it serves customers.