Plutonian Acquisition Corp II (NYSE:PLUN) Sees Significant Drop in Short Interest

Plutonian Acquisition Corp II (NYSE:PLUN) saw a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 148 shares, a decline of 71.1% from the September 15th total of 512 shares. Based on an average trading volume of 35,448 shares, the short-interest ratio is presently 0.0 days.

Analyst Ratings Changes

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

Plutonian Acquisition Corp II Trading Down 0.3%

Plutonian Acquisition Corp II stock traded down $0.03 during midday trading on Tuesday, reaching $10.12. 129 shares of the company were exchanged, compared to its average volume of 92,731. The company’s 50-day moving average is $10.05. Plutonian Acquisition Corp II has a 1 year low of $9.94 and a 1 year high of $10.15.

About Plutonian Acquisition Corp II

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.