Plum Acquisition Corp. IV (NASDAQ:PLMK) Stock Short Interest Declines 61.1%

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

Plum Acquisition Corp. IV Stock Down 0.0%

NASDAQ:PLMK traded down $0.01 during trading hours on Friday, hitting $10.62. 151 shares of the company were exchanged, compared to its average volume of 6,551. Plum Acquisition Corp. IV has a one year low of $10.38 and a one year high of $12.00. The company has a fifty day simple moving average of $10.65 and a 200 day simple moving average of $10.60.

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

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Citadel Advisors LLC boosted its stake in shares of 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 buying an additional 3,421 shares during the last quarter. Sona Asset Management US LLC bought a new stake in Plum Acquisition Corp. IV during the 1st quarter valued at $3,696,000. Finally, Berkley W R Corp grew its holdings in 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 valued at $8,492,000 after buying an additional 35,304 shares in the last quarter.

About Plum Acquisition Corp. IV

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.