Plum Acquisition Corp. IV (NASDAQ:PLMK) Short Interest Up 106.2% in April

Plum Acquisition Corp. IV (NASDAQ:PLMK) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 1,817 shares, an increase of 106.2% from the March 31st total of 881 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 27,351 shares, the days-to-cover ratio is currently 0.1 days.

Plum Acquisition Corp. IV Trading Up 0.1%

Shares of PLMK traded up $0.01 during mid-day trading on Tuesday, reaching $10.60. The company’s stock had a trading volume of 35,086 shares, compared to its average volume of 67,515. Plum Acquisition Corp. IV has a 52 week low of $10.10 and a 52 week high of $10.67. The company’s fifty day moving average price is $10.54 and its two-hundred day moving average price is $10.48.

Plum Acquisition Corp. IV (NASDAQ:PLMK) last announced its quarterly earnings data on Tuesday, March 31st. The company reported $0.07 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 report on Friday, January 9th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in PLMK. ABC Arbitrage SA purchased a new position in shares of Plum Acquisition Corp. IV in the fourth quarter worth $157,000. Crossingbridge Advisors LLC purchased a new position in shares of Plum Acquisition Corp. IV in the fourth quarter worth $262,000. Virtu Financial LLC purchased a new position in shares of Plum Acquisition Corp. IV in the fourth quarter worth $352,000. Moore Capital Management LP purchased a new position in shares of Plum Acquisition Corp. IV in the second quarter worth $772,000. Finally, BCK Capital Management LP increased its stake in shares of Plum Acquisition Corp. IV by 3.3% in the third quarter. BCK Capital Management LP now owns 103,313 shares of the company’s stock worth $1,066,000 after buying an additional 3,313 shares during the period.

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.