Plum Acquisition Corp. IV (NASDAQ:PLMK) Short Interest Up 535.2% in January

Plum Acquisition Corp. IV (NASDAQ:PLMK) saw a significant 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 trading volume of 87,454 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 87,454 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PLMK. ABC Arbitrage SA acquired a new position in shares of Plum Acquisition Corp. IV during the fourth quarter valued at approximately $157,000. Moore Capital Management LP acquired a new stake in shares of Plum Acquisition Corp. IV during the 2nd quarter valued at $772,000. BCK Capital Management LP bought a new stake in shares of Plum Acquisition Corp. IV during the 2nd quarter worth $1,028,000. Wealthspring Capital LLC acquired a new position in shares of Plum Acquisition Corp. IV in the 2nd quarter worth $2,314,000. Finally, Radcliffe Capital Management L.P. acquired a new stake in shares of Plum Acquisition Corp. IV during the second quarter worth $3,201,000.

Plum Acquisition Corp. IV Stock Performance

PLMK stock remained flat at $10.52 during trading on Tuesday. The company’s stock had a trading volume of 106,123 shares, compared to its average volume of 61,493. Plum Acquisition Corp. IV has a one year low of $9.97 and a one year high of $10.64. The company has a fifty day simple moving average of $10.47 and a two-hundred day simple moving average of $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.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Plum Acquisition Corp. IV in a report on Friday, January 9th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

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.