Plum Acquisition Corp. IV (NASDAQ:PLMK) Shares Shorted: Short Interest Down 72.4% in September

Plum Acquisition Corp. IV (NASDAQ:PLMK) was the target of a significant drop in short interest in September. As of September 15th, there was short interest totaling 1,065 shares, a drop of 72.4% from the August 31st total of 3,861 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 900 shares, the short-interest ratio is presently 1.2 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Plum Acquisition Corp. IV in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Hedge Funds Weigh In On Plum Acquisition Corp. IV

Several hedge funds have recently made changes to their positions in the company. Citadel Advisors LLC grew its stake in 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 buying an additional 3,421 shares during the last quarter. Sona Asset Management US LLC purchased a new stake in Plum Acquisition Corp. IV in the 1st quarter valued at approximately $3,696,000. Berkley W R Corp boosted its position in shares of Plum Acquisition Corp. IV by 4.6% during 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 in the last quarter. Governors Lane LP grew its position in Plum Acquisition Corp. IV by 133.3% during the fourth quarter. Governors Lane LP now owns 700,000 shares of the company’s stock worth $7,315,000 after buying an additional 399,900 shares during the period. Finally, Radcliffe Capital Management L.P. boosted its position in shares of Plum Acquisition Corp. IV by 5.6% in the 4th quarter. Radcliffe Capital Management L.P. now owns 449,055 shares of the company’s stock worth $4,693,000 after buying an additional 23,725 shares in the last quarter.

Plum Acquisition Corp. IV Price Performance

Shares of NASDAQ PLMK traded up $0.04 during midday trading on Friday, hitting $10.68. 148 shares of the company’s stock were exchanged, compared to its average volume of 740. The firm’s fifty day simple moving average is $10.63 and its 200-day simple moving average is $10.62. Plum Acquisition Corp. IV has a twelve month low of $10.32 and a twelve month high of $12.00.

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

About Plum Acquisition Corp. IV

Plum Acquisition Corp. IV is a special purpose acquisition company (SPAC) listed on the Nasdaq under the symbol PLMK. The company was formed to identify and complete a business combination with one or more private companies.

Unlike an operating company, Plum Acquisition Corp. IV does not have established commercial products, services, or operating revenue of its own. Its activities are focused on evaluating potential merger, acquisition, or similar transactions that could provide a private business with access to the public markets.

Information about the company’s specific target industries, geographic markets, operating subsidiaries, and leadership is limited.