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

Plum Acquisition Corp. IV (NASDAQ:PLMK) saw a significant growth in short interest in October. As of October 15th, there was short interest totaling 1,100 shares, a growth of 57.1% from the September 30th total of 700 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 7,600 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 7,600 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Institutional Investors Weigh In On Plum Acquisition Corp. IV

Several institutional investors and hedge funds have recently added to or reduced their stakes in PLMK. Kepos Capital LP purchased a new stake in Plum Acquisition Corp. IV in the first quarter worth approximately $502,000. Virtu Financial LLC purchased a new position in Plum Acquisition Corp. IV in the first quarter worth about $694,000. Moore Capital Management LP purchased a new position in Plum Acquisition Corp. IV in the second quarter worth about $772,000. Aristeia Capital L.L.C. purchased a new position in Plum Acquisition Corp. IV in the first quarter worth about $1,004,000. Finally, BCK Capital Management LP purchased a new position in Plum Acquisition Corp. IV in the second quarter worth about $1,028,000.

Plum Acquisition Corp. IV Stock Performance

Shares of PLMK stock opened at $10.43 on Tuesday. Plum Acquisition Corp. IV has a 12-month low of $9.94 and a 12-month high of $10.58. The firm’s 50 day moving average is $10.33 and its 200 day moving average is $10.26.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Plum Acquisition Corp. IV in a research report on Tuesday, October 14th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

About Plum Acquisition Corp. IV

Plum Acquisition Corp. IV is a blank check company, which was established for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was founded on June 10, 2024 and is headquartered in San Francisco, CA.