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

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Plum Acquisition Corp. IV in a research report 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

Large investors have recently made changes to their positions in the stock. Berkley W R Corp grew its position in Plum Acquisition Corp. IV by 4.6% during the first quarter. Berkley W R Corp now owns 804,192 shares of the company’s stock worth $8,492,000 after buying an additional 35,304 shares in the last quarter. Governors Lane LP boosted its position in shares of Plum Acquisition Corp. IV by 133.3% during the fourth quarter. Governors Lane LP now owns 700,000 shares of the company’s stock valued at $7,315,000 after buying an additional 399,900 shares during the last quarter. Radcliffe Capital Management L.P. grew its stake in shares of Plum Acquisition Corp. IV by 5.6% during the 4th quarter. Radcliffe Capital Management L.P. now owns 449,055 shares of the company’s stock valued at $4,693,000 after purchasing an additional 23,725 shares during the period. Sona Asset Management US LLC purchased a new stake in Plum Acquisition Corp. IV in the 1st quarter worth approximately $3,696,000. Finally, Citadel Advisors LLC lifted its holdings in Plum Acquisition Corp. IV by 33.6% in 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.

Plum Acquisition Corp. IV Price Performance

Shares of NASDAQ:PLMK opened at $10.68 on Friday. Plum Acquisition Corp. IV has a one year low of $10.32 and a one year high of $12.00. The firm has a 50 day simple moving average of $10.63 and a 200 day simple moving average of $10.62.

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