Short Interest in Plum Acquisition Corp. IV (NASDAQ:PLMK) Declines By 35.8%

Plum Acquisition Corp. IV (NASDAQ:PLMK) was the recipient of a large decrease in short interest in July. As of July 31st, there was short interest totaling 5,414 shares, a decrease of 35.8% from the July 15th total of 8,437 shares. Based on an average daily trading volume, of 8,903 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.0% of the company’s shares are short sold.

Plum Acquisition Corp. IV Trading Up 0.0%

NASDAQ PLMK traded up $0.00 during trading hours on Tuesday, hitting $10.57. The company’s stock had a trading volume of 435 shares, compared to its average volume of 64,808. Plum Acquisition Corp. IV has a twelve month low of $10.27 and a twelve month high of $12.00. The stock has a fifty day moving average of $10.63 and a 200 day moving average of $10.59.

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

Institutional Trading of Plum Acquisition Corp. IV

A number of hedge funds have recently modified their holdings of PLMK. Sona Asset Management US LLC bought a new stake in Plum Acquisition Corp. IV in the first quarter valued at approximately $3,696,000. Governors Lane LP grew its holdings in shares of Plum Acquisition Corp. IV by 133.3% in the 4th 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 period. Radcliffe Capital Management L.P. grew its holdings 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 valued at $4,693,000 after buying an additional 23,725 shares during the period. ABC Arbitrage SA bought a new stake in shares of Plum Acquisition Corp. IV in the 4th quarter valued at $157,000. Finally, Berkley W R Corp raised its stake 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 worth $8,492,000 after buying an additional 35,304 shares during the period.

Analyst Upgrades and Downgrades

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

Plum Acquisition Corp. IV Company Profile

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.