Plum Acquisition Corp. IV (NASDAQ:PLMK) Short Interest Up 190.0% in January

Plum Acquisition Corp. IV (NASDAQ:PLMK) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 1,427 shares, a growth of 190.0% from the December 31st total of 492 shares. Based on an average daily volume of 1,876 shares, the short-interest ratio is currently 0.8 days. Approximately 0.0% of the company’s shares are short sold. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 1,876 shares, the short-interest ratio is currently 0.8 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Plum Acquisition Corp. IV in a report on Friday, January 9th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Plum Acquisition Corp. IV Trading Down 0.2%

Shares of NASDAQ:PLMK opened at $10.53 on Friday. The firm’s 50 day simple moving average is $10.45 and its 200 day simple moving average is $10.38. Plum Acquisition Corp. IV has a fifty-two week low of $9.94 and a fifty-two week high of $10.64.

Plum Acquisition Corp. IV (NASDAQ:PLMK) last issued its earnings results on Thursday, November 13th. The company reported $0.07 EPS for the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Berkley W R Corp grew its position in shares of Plum Acquisition Corp. IV by 34.9% in the 2nd quarter. Berkley W R Corp now owns 768,888 shares of the company’s stock valued at $7,896,000 after purchasing an additional 199,045 shares during the period. Karpus Management Inc. lifted its stake in Plum Acquisition Corp. IV by 52.1% in the second quarter. Karpus Management Inc. now owns 685,225 shares of the company’s stock valued at $7,037,000 after buying an additional 234,625 shares in the last quarter. Wolverine Asset Management LLC boosted its holdings in shares of Plum Acquisition Corp. IV by 90.5% in the second quarter. Wolverine Asset Management LLC now owns 648,206 shares of the company’s stock valued at $6,677,000 after buying an additional 308,024 shares during the period. Magnetar Financial LLC bought a new stake in shares of Plum Acquisition Corp. IV during the second quarter worth $5,138,000. Finally, Alberta Investment Management Corp bought a new stake in shares of Plum Acquisition Corp. IV during the second quarter worth $5,150,000.

About Plum Acquisition Corp. IV

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.