Plum Acquisition Corp. IV (NASDAQ:PLMK) Sees Significant Decrease in Short Interest

Plum Acquisition Corp. IV (NASDAQ:PLMK) saw a large decline in short interest in October. As of October 15th, there was short interest totaling 301 shares, a decline of 61.1% from the September 30th total of 773 shares. Based on an average daily trading volume, of 7,113 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Plum Acquisition Corp. IV Stock Up 0.0%

NASDAQ:PLMK opened at $10.62 on Thursday. Plum Acquisition Corp. IV has a 1-year low of $10.38 and a 1-year high of $12.00. The firm’s 50-day moving average price is $10.66 and its 200-day moving average price is $10.60.

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

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Plum Acquisition Corp. IV in a research report on Tuesday. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Hedge Funds Weigh In On Plum Acquisition Corp. IV

Hedge funds and other institutional investors have recently modified their holdings of the stock. Citadel Advisors LLC grew its position in shares of Plum Acquisition Corp. IV by 33.6% during the 2nd 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 shares of Plum Acquisition Corp. IV during the first quarter valued at $3,696,000. Finally, Berkley W R Corp boosted its stake in Plum Acquisition Corp. IV by 4.6% in the 1st quarter. Berkley W R Corp now owns 804,192 shares of the company’s stock worth $8,492,000 after purchasing an additional 35,304 shares during the period.

Plum Acquisition Corp. IV Company Profile

Plum Acquisition Corp. IV is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating companies. Its potential transactions may include a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar corporate combination.

As a blank-check company, Plum Acquisition Corp. IV does not have significant operating products or services of its own. Its activities are primarily focused on raising capital, evaluating potential acquisition targets and seeking shareholder approval for a proposed transaction.

The company has not publicly identified a completed operating business or a specific geographic market served in the information available.