Plum Acquisition Corp. IV (NASDAQ:PLMK) Short Interest Update

Plum Acquisition Corp. IV (NASDAQ:PLMK) was the target of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 4,006 shares, a growth of 378.6% from the February 26th total of 837 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 252,628 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 252,628 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Plum Acquisition Corp. IV Price Performance

Shares of PLMK stock opened at $10.55 on Wednesday. Plum Acquisition Corp. IV has a 12-month low of $10.00 and a 12-month high of $10.64. The firm has a 50-day moving average price of $10.51 and a 200 day moving average price of $10.44.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Governors Lane LP grew its position in Plum Acquisition Corp. IV by 133.3% during the 4th quarter. Governors Lane LP now owns 700,000 shares of the company’s stock worth $7,315,000 after acquiring an additional 399,900 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in Plum Acquisition Corp. IV in the 1st quarter valued at $3,409,000. Radcliffe Capital Management L.P. acquired a new position in Plum Acquisition Corp. IV in the second quarter worth $3,201,000. Karpus Management Inc. boosted 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 worth $7,037,000 after purchasing an additional 234,625 shares in the last quarter. Finally, Berkley W R Corp grew its holdings in shares of Plum Acquisition Corp. IV by 34.9% during the second quarter. Berkley W R Corp now owns 768,888 shares of the company’s stock worth $7,896,000 after purchasing an additional 199,045 shares during the last quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Plum Acquisition Corp. IV in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock 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.